We span the steel, fertiliser, paper, chemicals, pharmaceuticals, cement, ceramics, glass & industrial gases sectors: key to growth, jobs & achieving NetZero.
United Kingdom
Joined October 2021
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Energy Intensive Users Group retweeted
Resilient economy will be tested by this very recent sharp movement up in market gas prices - this is the UK chart per therm close to 240p on Iran war reintensification, a high since late 2022.
If you transpose the Ukraine 2022 shock on this, at the same stage, while avoiding the massive spike, after 241 days, today’s shock is more enduring… prices have trebled from 79p, whereas at this point for the Ukraine it was 204p, actually below pre invasion level.
Energy companies say the unit prices of gas and electricity are heading higher than the point which led to expensive universal Govt intervention in 2022, the sort ruled out this time (“wasted on rich households”). Still whatever the Budget brings we weren’t expecting activation of the plans prepared for a bigger scheme. If this endures, 5% inflation on the cards.
Since the Budget plans and forecasts were locked down, the tricky balancing act just got worse.
Energy Intensive Users Group retweeted
CHART OF THE DAY: The price of natural gas in the US 🇺🇸 and Europe 🇪🇺. Now, imagine running a gas-intensive company (say, a fertilizer plant) in either region. Europe >$30; US <$3
Energy Intensive Users Group retweeted
EU gas prices are now at more than 90 Euros per MWh.
The last time we have seen prices like this was in December 2022 following the invasion of Ukraine by Russia.
Energy Intensive Users Group retweeted
As energy bills continue to rise, a plea to HMG ahead of the Budget: please find ways to target any future support on those that need it most and to reduce business electricity costs, by taking policy levies off bills
The quarterly energy price cap will rise by 4% from 1 October 2026.
This will be an increase of around £5 per month for the average household.
This is a cap on energy unit price plus standing charge, not a cap on total bills.
More ⬇️
ow.ly/KxAR50ZQU1t
ALT Graphic with an orange and dark blue gradient background. Large text reads: “The price cap will rise by 4% from today.” Smaller text underneath reads: “This will be an increase of around £5 per month for an average household on a supplier’s standard default tariff.” A white information icon appears in the bottom left. The word “PRICE CAP” is displayed vertically in orange on the right-hand side, with the Ofgem logo in the bottom right corner.
Energy Intensive Users Group retweeted
🚨New @BCG Centre for Growth/Centre for Energy Impact report out today🚨To Cut Electricity Bills, Britain Needs to Use More, Not Less.
Most of the energy bills debate is about what the system looks like in 2040. Important, but for the most part it doesn't solve the immediate cost challenge, nor the difficult path to our future system.
We've modelled every component of bills & system cost out to 2035. On current demand trends the typical household bill rises £264, to £1,145. The gap between that & what's achievable is £324 per household per year.
No single lever can achieve this. The key is getting more demand into the system over the medium term. But this requires bills to come down in the short term. We propose a mechanism to defer some costs off bills to help break the negative price/demand spiral Britain is in.
Thread 1/🧵
Energy Intensive Users Group retweeted
Britain needs nuclear power. Our nuclear projects are the most expensive in the world and among the slowest. Regulators and industry are paralysed by risk aversion. This can change. For Britain to prosper, it must.
Earlier this year, the Prime Minister appointed me to lead a Taskforce to set out a path to getting affordable, fast nuclear power Britain.
Our final report today sets out 47 recommendations, among them:
- Creating a one-stop shop for nuclear approvals, to end the regulatory merry-go-round that delays projects at the moment.
- Simplifying environmental rules to avoid extreme outcomes like Hinkley Point C spending £700m on systems to protect one salmon every ten years, while enhancing nuclear's impact on nature.
- Limiting the ability of spurious legal challenges to delay nuclear projects, which adds huge cost and delay throughout the supply chain.
- Approving fleets of reactors, so that Britain’s nuclear industry can benefit from certainty and economies of scale.
- Directing regulators to factor in cost to their behaviour, and changing their culture to allow building cheaply, quickly and safely.
- Changing the culture of the nuclear industry to end gold-plating and focus on efficient, safe delivery.
If the government adopts our report in full, it will send a signal to investors that it is serious about pro-growth reform and taking on vested interests for the public good.
A thriving British nuclear industry producing abundant, affordable energy would be good for jobs, good for manufacturing, good for the climate, and good for the cost of living. And it could enable Britain to become an AI and technology superpower.
Britain can be a world leader in this new Industrial Revolution, but only if it has the energy to power it.
Our report is bold, but balanced. Our recommendations, taken together and properly implemented, will forge a clear path for stronger economic growth through improved productivity and innovation. This is a prize worth fighting for.
gov.uk/government/publicatio…
Energy Intensive Users Group retweeted
𝐂𝐡𝐚𝐧𝐜𝐞𝐥𝐥𝐨𝐫 𝐬𝐡𝐨𝐮𝐥𝐝 𝐦𝐨𝐯𝐞 𝐞𝐧𝐞𝐫𝐠𝐲 𝐩𝐨𝐥𝐢𝐜𝐲 𝐜𝐨𝐬𝐭𝐬 𝐟𝐫𝐨𝐦 𝐞𝐥𝐞𝐜𝐭𝐫𝐢𝐜𝐢𝐭𝐲 𝐛𝐢𝐥𝐥𝐬 𝐢𝐧𝐭𝐨 𝐠𝐞𝐧𝐞𝐫𝐚𝐥 𝐭𝐚𝐱𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐀𝐮𝐭𝐮𝐦𝐧 𝐁𝐮𝐝𝐠𝐞𝐭 𝐭𝐨 𝐡𝐞𝐥𝐩 𝐛𝐢𝐥𝐥𝐩𝐚𝐲𝐞𝐫𝐬
@RenewableUK is urging the Chancellor Rt Hon @RachelReevesMP to take a series of key measures to help billpayers and stimulate industrial growth in the clean energy sector in her Autumn Budget statement on 26th November 💼
In a document submitted to the Treasury, RenewableUK has called on the Chancellor to move energy policy costs from electricity bills into general taxation to make electricity cheaper and accelerate the electrification of heat and transport. This rebalancing of levies could save the average household £150-£200 a year, helping the Government to meet its commitment to reduce household energy bills 💷 📉
To deliver more jobs, RenewableUK is also calling for @energygovuk to set up a Just Transition Fund, similar to the one created by @scotgov which has invested £500 million to support workers making the transition from other sectors such as oil and gas into renewables 📈 👨🏭
Read the full details in our Autumn Budget press release with comment from RenewableUK Executive Director of Policy and Engagement Ana Musat 👇
🔗 renewableuk.com/news-and-res…
#AutumnBudget2026 #RenewableEnergy #Energybills #EnergyLevies #jobs #JustTransition
Energy Intensive Users Group retweeted
📽️ How is the UK economy doing?
Which sectors are doing well?
Which ones are imploding?
And what does this all spell for @RachelReevesMP?
A quick primer off the back of this morning's monthly GDP figs👇
Energy Intensive Users Group retweeted
Energy in Britain has gotten scarce—and thus expensive.
Prices are high in absolute terms, and further above the European average than any point in at least 40 years (barring the 22/23 shock).
What's behind this, and is it crimping growth? I took a look for @TheEconomist. (🧵)
Energy Intensive Users Group retweeted
In a parallel universe, this plant would not only still be open but would be building a brand new world leading furnace RIGHT NOW.
But when, a few years ago, the MD tried to get the local power connection necessary, his distribution network operator said: sorry. No capacity🤦♂️
Energy Intensive Users Group retweeted
Apart from the NFFO (fishing lobby) I can't see a single business/group that does not welcome the UK-EU reset. BCC, CBI, IoD, UK Steel, UK Hospitality, British Meat Processors Association, Morrisons, BAE Systems, Salmon Scotland(!), Port of Dover.
Energy Intensive Users Group retweeted
Really interesting report from the @ONS today looking into precisely this issue👇
Just how badly have the energy intensive sectors of the UK economy been affected by higher energy prices in recent years?
Short answer: badly
ons.gov.uk/economy/economico…
Energy Intensive Users Group retweeted
This is an interesting piece, on the underlying reasons for high UK energy bills. Consumer prices come later - its all driven due to gas (we need to delink our electricity prices from the gas price urgently)
Why does the U.K. have higher energy prices than other countries? 📈
And is it all the fault of net-zero? 🤔
Not really, it’s a bit more complicated!
@AnushkaAsthana explains 👇
#Peston
Energy Intensive Users Group retweeted
Very unsusual for a European country to experience such a widespread blackout - and worrying.
Speculation as to the cause/s is inevitable, but can we please all avoid jumping to premature conclusions abpit blame before the relevant facts are even known?
Energy Intensive Users Group retweeted
Despite some limited respite in fossil gas prices last year, UK wholesale gas prices remain significantly higher than long term averages and last month, reached their highest ever level, outside the 2021-2023 crisis.
Energy Intensive Users Group retweeted
'We're so determined to cut costs we've set up two departments to tackle Government waste'
My latest cartoon for tomorrow's @Telegraph
Buy a print of my cartoons at telegraph.co.uk/mattprints
Original artwork from chrisbeetles.com
Energy Intensive Users Group retweeted
Let's put the record straight here: the fact the UK is paying this evening eye-watering prices to keep the lights on has little to do with just 6 months of Ed Miliband in gov, and a lot more with a decade-long of irresponsibility of previous policymakers and regulators.
Energy Intensive Users Group retweeted
🔥GAS PRICES🔥
Why are they on the rise again?
Why is Europe (and the UK) deindustrialising at a rapid pace?
Why have we failed (contrary to the conventional wisdom) to increase the amount of non-Russian gas in our system?
Lots of questions. Some answers in my five min primer 👇
Energy Intensive Users Group retweeted
Low electricity prices are a prerequisite for high levels of electrification.
There are no high electrification regions with high electricity prices.
Great chart from @RockyMtnInst
