BFBEnergyPaper
BFBEnergyPaper
BFBEnergyPaper
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The UK’s struggles are faced across the whole of the EU: according to the Commissionbetween 2005 and 2011 EU manufacturing saw the highest increase in energy costs relativeto the US, China and Japan. 15 According to Commission President Barroso, between 2005and 2012 the gas price for European industry increased by 35 per cent and the electricityprice increased by 38 per cent. In the US by contrast gas prices fell by 66 per cent andelectricity prices fell by 4 per cent. 16The marked difference can be seen in Figure 5 which shows the annual industrial gas pricesfor the UK and US between 2005 and 2011 and the rising gap that has emerged as US priceshave fallen while the UK’s prices have continued to rise.Figure 5: End user gas prices for industry 17And the same trend can be seen in electricity prices (Figure 6) where the UK’s prices haveincreased significantly while US prices have remained static.Figure 6: End-user electricity prices for industry 1815 European Commission Staff Working Document, Energy Prices and costs report, p.197, 17 March 2014, found at16 European Commission, Energy Priorities for Europe: Presentation of J.M. Barroso to the European Council, 22 May 2013, foundat 17 HM Government, International industrial energy prices – including taxes, data found at 18 HM Government, International industrial energy prices – including taxes, data found at 15