Businesses warned of after-effect of energy price rises
Energy consultants have warned that businesses should expect up to a staggering 60%* increase in their overheads as a result of a ripple-effect on the supply chain, from this year’s energy price rises alone.
National energy consultancy, Energy 2000, claims that suppliers will look to increase their own prices to cover the energy price rises, leading to more businesses closing, new job losses, and even forcing some businesses to relocate abroad, where operational costs are lower.
Company directors up and down the country have been looking to their finance departments for answers after seeing the highest energy price rises in recent years. The message from energy experts is clear; act now, or you could be facing closure. Peter Whiteside, Director for Energy 2000, explains “In addition to supplier costs increasing, businesses should expect to see continued energy price rises in the coming year – things may get worse before they better. ”
The good news is, that businesses can do something about it. Most people don’t appreciate the potential for cost savings, which can be achieved by taking small measures. For example, having your bills checked by an expert could achieve massive savings for your business. “Whilst businesses are taking a step in the right direction by instructing someone in-house to manage their energy efficiency and utility costs, these individuals rarely have the time to do this properly, or the right expertise.
“The stakes are high, and the threats are very real. We advise people to act sooner than later, as the longer they leave it the worse their situation will become.”
Energy 2000 works with businesses throughout the UK to reduce their overheads through increasing energy efficiency, analysing bills, obtaining grants, buying cheaper energy, and helping clients to comply with legislation.
