Recent research using real company data across Europe suggests otherwise. The data shows that the UK’s prices are either comparable to other countries or some of the cheapest available!
European Country Data
Data is from May of this year. The research data displayed is taken from a total of 3,820 companies, including 371 based in the UK.
Prices shown are in pence per kWh (p/kWh). Source: Eurostat.
For gas, the UK has the second lowest unit price in Europe at 2.594p/kWh with Denmark the highest at 6.478p/kWh (149% higher). For electricity, the UK has the 10th most expensive rates at 8.794p/kWh with Cyprus the highest at 16.661p/kWh (89.45% higher).
In the residential market, the average price is 14.604p/kWh for electric and 2.593p/kWh for gas. These are 66.07% and 3.73& higher respectively than industrial users.