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U.K. Factory Power Costs May Rise Up to 58% by 2030, DECC Says

Britain’s policies to curb emissions and spur investment into nuclear and wind to secure power supplies may raise electricity prices for factories by as much as 58 percent by 2030, according to a government study.

The U.K.’s Department of Energy and Climate Change published today an initial estimate of the costs of its policies on so-called energy-intensive users such as steel factories, cement works and paper mills. The biggest rise would come under a scenario whereby natural-gas prices fall, the analysis on the government website shows. Price rises would be curbed to as little as 7 percent should gas prices remain unchanged, according to the analysis.