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Concerns have grown in recent years that UK industry pays too much for its electricity, particularly compared to continental prices. Tackling this has become a major focus for government, with the recent Clean Growth and Industrial Strategies prioritising cleaner and cheaper power.
This event marked the launch of a new report from Professor Michael Grubb and Paul Drummond at University College London, commissioned by the Aldersgate Group. The report investigates the differences between industrial electricity prices in the UK and other key European neighbours, how these have come about and outlines six policy solutions to deliver competitive industrial electricity prices as the UK moves to a low carbon power system.
This event featured a keynote speech by Professor Michael Grubb of University College London and contributions from a cross-sector business panel.