energy bills

FSB: Government Reforms Will Mean Higher Energy Bills

Government plans to overhaul the electricity market will push up prices for small firms, the Federation of Small Businesses (FSB) has warned. The Government’s recent Energy White Paper, which aims to attract new investment to upgrade power stations and the UK grid, sets out proposals to introduce carbon pricing, which artificially raises the cost of electricity produced by fossil fuels. According to the Department for Energy and Climate Change (DECC), the move towards carbon pricing is part of a shift towards encouraging investment into renewable sources of electricity, rather than continuing to rely on non-renewable sources. But the FSB has warned that future price hikes will be passed on to small businesses by energy firms. “Energy companies have increased prices sharply over... »

SMEs Hit with Backdated Energy Bills

Almost 2,000 small businesses have been charged additional fees on their electricity and gas bills after their energy use was inaccurately estimated last year, government figures have revealed. A total of 1,848 small businesses (those with less than ten employees) called the government-backed helpline, Consumer Direct, in 2010 to complain after receiving backdated bills. Energy watchdog Consumer Focus’ head of energy, Audrey Gallacher, said the problem was caused by energy suppliers sending estimated bills and small firms giving suppliers inaccurate readings. “This is probably just the tip of the iceberg, because a lot of small firms wouldn’t think of going to Consumer Direct. Many small firms are unaware that they can be back-billed for up to six years. If they get a bill for thousands of... »