Energy News – Early October 2026

Britain’s manufacturers are being placed at a significant competitive disadvantage by energy costs far above those faced by international rivals, new research has found.

According to a report, commissioned by think tank Civitas and produced by energy and economic experts Mike and Douglas McWilliams, UK manufacturers would save £11.4bn a year if they paid the same industrial electricity and gas prices as their US counterparts. In 2024, UK manufacturers paid £16.6bn directly for energy. At US energy prices, that bill would have fallen to just £5.2bn – a 69% reduction. The report warns that the situation is contributing to deindustrialisation and offshoring.

Sourced from The Manufacturer