Energy price increases 'threat' to business

DON'T WAIT FOR THE ENERGY PRICE CAP TO SAVE YOU!

 
Standard energy rates will be capped from January 2019, but switching with us could save you as much as £482* on your annual energy bills.

in partnership with Banner uswitch

Looking to switch your business energy supplier? Click here

* Between 1 Jan 2018 and 30 Jun 2018, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch saved £482 or more.

A new survey has found British businesses are seriously concerned about rising gas and electricity prices.

The research, by RWE npower, found 300 companies listed energy prices as a top risk factor to their business.

The study was carried out after British Gas became the second major UK energy supplier to announce inflation-busting price hikes.

Only 66% of businesses interviewed said they had drawn up a strategy to manage energy bills.

Business gas and electricity use is unlikely to dwindle as the year progresses, even with double-digit price rises.

RWE npower found many companies had now prioritised generation of their own energy, with many major companies already pressing ahead with biomass, wind turbines and combined heat and power plants.

David Cockshot, from npower, said: "As demand on the grid starts to become a major issue, large energy users in particular will need to look at new ways to manage their energy more intelligently; whether through self generation or through demand management tools such as load management."

Latest gas and electricity news brought to you by UK Power - the energy price comparison site.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.


Found this page interesting?

Help spread the word and share this page with your friends and family on your social networks.

Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more