The UK is Paying the Highest Electricity Prices in the World

October 4, 2024
 · 
2 min read
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It's been revealed that the UK is now currently paying the highest electricity prices in the world - in an article by Matt Oliver, who is the Industry Editor at The Telegraph.

According to the Government's figures the cost of power for industrial businesses has jumped 124pc in just five years, which has now shot the UK to the top of international league tables.

To put things into context, it is now around 50pc more expensive than the cost of power in Germany and France - and alarmingly four times as expensive as in the US.

It raises even more concerns about the future of UK industry amid warnings that these high energy prices are crippling domestic manufacturers.

Source: You can read the full article online at The Telegraph.

The Honest Opinion

"In the UK business owners are currently paying the highest electricity prices anywhere in the world. At Honest Utility Group we offer solutions to reduce energy costs wherever possible. This involves looking further than just the unit rate, with our bill audits we carry out an intensive review to uncover any areas where our clients can save money. Combining this approach with analysis of the market and advice on when to secure is the most effective combatant against the current situation with UK electricity prices."

- Arran Quinn, Corporate Account Manager and Energy Consultant at Honest Utility Group

At Honest Utility Group our team will look help you secure the best available rates and terms on your energy contracts. You can reach our team by phone on 0191 7208 238 or by email at info@honestltd.co.uk

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Honest Utility Group Ltd is a company registered in England and Wales. Registered number: 13346107. Registered office: Honest Utility Group, 1 Haswell Court, Sunderland, England, SR5 2AR.