Businesses facing a 250% increase in gas bills

The past two years have been incredibly tough for SMEs, with many still struggling to keep their heads above water. To add to what is already a difficult time, Cornwall Insight’s ‘Pricing in the SME gas markets’ quarterly report has shown, that on a year-on-year basis, SME customers are facing an average gas bill rise of over 250%, based upon delivered prices.

Wholesale market volatility, amongst other factors, has seen gas prices jump significantly for all consumers. However, unlike domestic customers, non-domestic customers have yet to see any dedicated government support to manage the record high energy bills they are facing.

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Calls for an energy price cap for businesses are starting to come through. While this may help in the short-term by protecting business consumers from upfront high costs, as with the domestic cap, it may end up doing little more than deferring problems for a later date.
Business supply and services
Dr Craig Lowrey

Dr Craig Lowrey

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