The challenging gas supply situation and record-high electricity prices are putting considerable pressures on the GB economy as we enter winter 2022-23. Unfortunately, as the winter approaches, wholesale energy prices are set to rise even further, constraining the growth of businesses that were starting to recover from the scars of the pandemic.
This paper sets out the potential impact of rising energy prices on businesses. We will explore cost projections as well as the geographic and sectoral spread of impacts across GB. This will be followed by a discussion on potential approaches to mitigate exposure to cost
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