Renewable energy in the form of wind and solar has driven energy prices
skyward in the UK, threatening industries such as chemicals that remain.
According to Nigel Farage,
Member of Parliament for Clacton, Net Zero targets are the primary
reason for the deindustrialisation of Britain because its electricity
prices for industry are between five and six times higher than those in
America.
On Tuesday, Ofgem announced
a 6.4% increase in the energy price cap for the period covering April
to June 2025. “A recent spike in wholesale prices is the main driver of
today’s price rise, accounting for around 78% of the total increase. A
small increase in policy costs and associated inflationary pressures
make up a further 22%,” Ofgem said....<<<Read More>>>...
