Tackling Electricity Prices For Manufacturers
Make UK's latest report calls for urgent energy reform to rescue British industry from a growing cost crisis
02.06.2025
With industrial electricity prices in the UK four times higher than in the US and 46% above the global average, Britain’s manufacturers are warning that, unless this is addressed, the upcoming industrial strategy risks being fatally flawed.
Make UK's latest report, Tackling Electricity Prices For Manufacturers, lays out a clear, realistic and costed plan to restore competitiveness and unlock manufacturing growth.
What’s inside the report?
This report provides in-depth analysis and actionable recommendations, including:
- Removing regressive policy levies from electricity bills to cut energy costs by 15%
- Introducing a fixed electricity price for manufacturers to level the playing field with international competitors
- Addressing the imbalance that makes low-carbon energy more expensive than fossil fuels in the UK
- Proposing a Contract for Difference-style system to stabilise long-term energy costs
Why it matters
UK manufacturers are at risk of de-industrialisation without urgent energy cost reform. This report shows how the Government can take immediate steps to reduce costs, stimulate investment, and make energy-intensive industries a cornerstone of Britain’s green industrial future.
Download the full report below to see how energy reform can power industry for the long-term.
If we do not address the issue of high industrial energy costs in the UK as a priority, we risk the security of our country. We will fail to attract investment in the manufacturing sector and will rapidly enter a phase of renewed de-industrialisation.
"UK manufacturers have faced energy prices far above those of European competitors for many years, undermining their ability to invest, grow, and compete globally.
"More inaction risks compounding this disadvantage and forcing the government to make difficult choices over costly bailouts or managed decline of the UK manufacturing sector.
"Today we have set out a clear package of deliverable, sensible, and popular policies to tackle this issue with the urgency it requires.
