Chemical and steel companies along with other energy intensive industries in Britain are increasing the pressure on the Government for relief, with the release of new figures showing they are paying substantially more than their German counterparts for electricity.
An analysis by the EEF, the manufacturers’ organisation, published on Friday, shows prices in Britain for the big energy users are currently 10pc higher. Over the next two years the gap will increase to 15pc with the introduction of the carbon floor price.
The EEF says the Government’s approach to climate change policies is damaging the competitiveness of the energy intensive sector. It wants the Chancellor to use the autumn statement to keep his promise to introduce a package of measures to reduce the burden.