UK boasts some of the lowest electricity prices in Europe
The UK has some of the lowest electricity prices in Europe, whereas Ireland has some of the highest, according to a report issued by consultancy firm Accenture.
European Electricity Price Review covers the electricity markets of the 15 countries that were members of the EU before its enlargement in 2004. It reveals an enormous variation in the electricity prices of different countries and suggests that those countries with the highest degree of competition have the lowest prices.
The UK and Finland have the first and the second lowest pre-tax prices in Europe, with Finland having the fourth lowest wholesale and distribution charges and the UK having the cheapest distribution. Ireland and Germany have the highest and second highest pre-tax prices,
Recommended Reading
National Grid secures land for what could be UK's largest substation
The proposed Tees Dock substation would provide more than 1 GW of contracted electricity connection capacity and could become UK's largest.
Electrical Review to examine Britain's growing reliance on subsea electricity cables
Electrical Review is set to host a virtual Briefing on November 25, where it'll explore whether the UK is prepared to rely on a growing subsea grid.
Grid readiness among UK's biggest energy infrastructure barriers, report finds
New research finds 59% of UK energy leaders identify grid readiness as a delivery barrier, while investment uncertainty is holding back projects.