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The phrase "a considerable premium on" is correct and usable in written English.
It can be used when discussing the additional cost or value placed on something, often in financial or economic contexts.
Example: "Investors are willing to pay a considerable premium on stocks that show strong growth potential."
Alternatives: "a significant markup on" or "a substantial increase in".
Exact(1)
It's priced at $129/£109 through the holidays — which is a considerable premium on low end Android tablets of the same size (which are both screen and processor too, of course, not just the display terminal).
Similar(57)
The UK government has sold half its 30% stake in Royal Mail for £750m and at a considerable premium to its share price when it was privatised.
A recent Institute for Fiscal Studies paper found that there was a considerable premium already in play for pupils on free school meals, largely funded by specific funding streams introduced by the last government.
Even now a few people are on a desperate hunt for tickets - there are rumours they are easily available on the black market, at a considerable premium.
Bentley demurred on the purchase price, but expect to pay a considerable premium over the $200,000-plus GT Speed coupe.
On an early morning visit, Mrs. Beck, who markets sauces and condiments made from her crops, said her organic limes commanded a considerable premium.
The economist Justin Wolfers, an expert on prediction markets, said that all the indicators from Tuesday morning suggested that someone, or a few people, intentionally inflated Mr. Romney's numbers by offering a considerable premium over what shares were selling for.
But they go on to enjoy a considerable graduate premium because employers want well-educated people.
"Graduates only pay back at 9% of on earnings above £21,000 and enjoy a considerable wage premium of £9,500 per year over non-graduates".
"Despite the exponential growth in the number of people gaining a degree since 1993, there still remains a considerable pay premium for graduates".
'Fine-flavor cocoa' fetches a considerable price premium, up to four times of the price of standard commodity cocoa.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com