The UK is Paying the Highest Electricity Prices in the World

October 4, 2024
 · 
2 min read
Featured Image

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

LATEST FROM THE BLOG

Featured Image
As part of our quarterly Honest team day out, on Saturday the team ventured to No Limits Paintball and Laser in Newcastle to battle …
Featured Image
Honest Utility Group is proud to announce that we are now in partnership with Legion Scotland. At Honest, we're always on the lookout for …
Featured Image
Energy Secretary Ed Miliband has issued Ofgem an ‘urgent’ warning as energy bills set to rise again (for the third time) in April - …
Featured Image
Europe's gas consumption has fallen by an unprecedented amount due to it not being supplemented by other sources following Russia's invasion of Ukraine - …
Featured Image
As a Club Partner of Sunderland AFC, we were delighted to be presented with the opportunity of sponsoring this morning's Armed Forces Veterans' Breakfast …
Featured Image
According to data from Cornwall Insight's Business Energy Cost forecast, electricity bills for small industrial consumers, including large retail and leisure units, are projected …
Featured Image
Well due to the UK's heavy reliance on gas for heating and electricity, a new report from the Energy Crisis Commission explains that we're …
Featured Image
Did you know that UK businesses are spending more on electricity? The latest Energy Barometer Report by POWWR shows that average annual spending increased …
Featured Image
It's been revealed that the UK is now currently paying the highest electricity prices in the world - in an article by Matt Oliver, …
Featured Image
Analysts have warned that a disruption in maintenance schedules on Norway's gas platforms and pipelines could mean that Europe is facing a massive shortfall …

ARRANGE A FREE CONSULTATION

Join the thousands of customers who trust us at Honest and speak to our friendly team today by calling us on 0191 7208 238.

Prefer a callback? Complete our short form to receive call from our consultants at another time.

Please enable JavaScript in your browser to complete this form.

SIGN INTO THE HONEST GROUP CUSTOMER PORTAL

WE'RE PROUD TO PARTNER WITH SAFC AND LEGION SCOTLAND

safc-logo
RBLS_crest_only_rgb_large

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

©2025 Honest Utility Group Ltd

honest-group-logo-white