An American firm has revealed a halt to production at two UK factories because of the surge in the cost of gas that is threatening a wider impact across the economy in the months to come
John Lewis Partnership warns price pressures set to persist, and 'significant uncertainty' lies ahead
It complained that manufacturers were facing costs running into the thousands per megawatt hour compared to around"roughly £50 per megawatt hour" in 2020.Steelmaking through electric arc furnaces is more environmentally friendly but troublesome when power costs rise. Pic: Liberty Steelhouseholds to be prepared for rising bills
The rise of £139 is widely tipped by experts to be followed by a further heavy increase during the spring next year as wholesale winter month price contracts show no sign of abating.
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