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Life's grim for major energy users

Life's grim for major energy users

Energy price hikes killing UK plc
September 11th 2006

News that one hundred and fifty jobs will be axed at a hi-tech Sheffield foundry proves recent energy prices hikes are sounding the death knell for some UK firms with high energy consumption.

Sheffield's Laycast plant will close in November, eight years after the completion of a multi-million pound investment in equipment which created one of the most advanced foundries in Europe, reports local paper The Star, published by Sheffield Newspapers.

"The main reason for the closure is a significant increase in electricity costs from October," said managing director Mel Spears. The £17 million-a-year turnover business melts iron to produce castings for the automotive industry and faces a 65% increase in energy prices which would add £1 million to its annual costs. "The UK foundry industry and anybody who melts metals by electricity is being hammered by the price increases."

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£1000 M&S vouchers to be given away (9th August 2007)

Visit the energy-online.net and Water, Energy and Environment stand at The Energy Event, to be in with a chance of winning up to £1000 in M&S vouchers. Just pick up your free draw ticket at the registration area and take it to Stand 4 in the Premier Suite.

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