With winter fast approaching and daylight hours beginning to shrink, now is the perfect time to look at ways to optimise the energy efficiency of your businesses. While some industries are more energy-intensive than others, government data shows that average small and medium-sized enterprises (SME) could reduce energy bills by 18-25% by installing energy efficiency measures and implementing behavioural […]
Clear support has been announced and is welcomed by businesses to offset energy prices that have dramatically increased in recent months. What help will there be? The government will cap the wholesale rate of energy at £211/mWh for electricity and £75/mWh for gas for all businesses that have signed a contract on or after 1/4/22. This is […]
69% of firms expect their energy costs to increase in the next three months, with almost a third anticipating rises of more than 30%, according to new survey data from the Confederation of British Industry (CBI). Its latest research reveals the extent to which businesses, like households, are concerned about soaring energy costs. More than two-thirds […]
Government considering further electricity subsidies for energy-intensive businesses Businesses that use a high amount of energy, such as steel and paper mills, could see further relief under new proposals to help subsidise their electricity costs. The UK government is consulting on the option to increase the level of exemption for certain environmental and policy costs […]
The majority of SMEs in the UK don’t understand how common environmental terms such as ‘net zero’, ‘carbon neutral’ and ‘carbon footprint’ apply to their businesses, according to new research commissioned by the British Business Bank. The Opinium survey of 1,000 senior decision-makers in smaller businesses found more than half (54%) believe the language, terminology […]
The UK is currently experiencing soaring energy costs, with prices rising further from this month when industry regulator Ofgem increases the price cap on energy bills by 54%, and another significant rise is expected in October. Commercial energy providers will inevitably pass increasing energy costs onto their business customers, so what can SME firms do if […]
As the war on Ukraine intensifies several countries, including the United Kingdom, have imposed sanctions on Russian energy exports. On the 8th of March, the UK government announced that it will phase out Russian oil imports by the end of 2022, while the US is banning the import of all oil and gas and the EU plans […]
The new energy price cap on the 1st of April, combined with soaring energy prices and the collapse of several firms, means that many businesses will see increases to their energy bills this year. Why are business energy prices increasing? Several factors have contributed to soaring energy prices for households and commercial businesses alike, including high global […]
What should you do if your business energy provider collapses? In the past few month, several energy providers have collapsed as rising wholesale gas prices threaten the sector. A number of factors have contributed to soaring energy prices, including high global demand, as well as maintenance issues and lower solar and wind energy output. Dermot […]
The UK’s Climate Change Agreement (CCA) scheme has been reopened to new entrants for a limited time only. The scheme could save qualifying businesses up to 92% on their Climate Change Levy (CCL). New CCA application window – act now to reduce rising energy costs Businesses must act now in order to benefit from the potential […]