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UK Steel, the local steelmakers association, welcomed this week the announcement by the British government of a set price cap for electricity at £211/megawatt-hour ($239.20/MWh) for six months. The UK government is the first in Europe to take such action. The European Commission is discussing comparable measures, but a decision has not been reached yet. “The government has clearly listened to sectors such as steel, estimated the enormity of …
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