Small Businesses: Prepare for Rise in Energy Costs

Small Businesses: Prepare for Rise in Energy Costs

Small businesses have been warned to prepare for a hike in their energy bills following a rise in the cost of wholesale gas and electricity. Over the last year, the cost of generating electricity for businesses has gone up by 35%, according to figures released by commercial energy consultant Power Solutions. The wholesale gas price has risen by the identical amount over the same period, the figures revealed. Power Solutions has estimated that an office-based firm with 30 employees can expect an increase of as much as £1,400 in its gas bill and £4,500 in its electricity bill when its contracts next come up for renewal. British Gas owner Centrica has already indicated that it will raise prices. “Energy prices are becoming one of the key issues for small and medium-sized ent... »