Power Bill Rises - Effects on small businesses

Badonde

Badonde

Well-known member
Devastating for high energy users.
I post on a business forum and below are a couple of up-to-date messages regarding costs/quotes.
To see actual numbers quoted brings it home:

We are on a half hourly meter and also in engineering, our fixed contract ends next month.
Currently paying 13.8 day and 9.77 nights (pence/KwH), just been quoted 90.0 day and 73.1 nights by our current supplier EON! Cheapest I've managed to get it to is 81.36 day and 59.72 night for a 3 year contract but I don't know whether it's worth fixing for that length of period, its a significant increase that's just going to be passed on to our customers somehow. Variable was currently quoted at 44.67 days and 34.69 nights.

What is everyone else doing with renewals and how long are you fixing for?
Blimey, I'd go variable. The Russian nonsense ought to be sorted within 12-18 months and supply ought to be more stable by then. I have used ought twice though.

That's the issue, they told me they expect variable prices to double next month and for things not to settle down for at least another 24 months...



What a call to have to make - horrible stress.

Thread here if anyone wants to take a look

Fortunately my business contract is fixed until 2024 but domestically we're knackered (variable).
 
Always found it bizarre that for things like broadband, telephone lines, gas and electric it's more expensive to supply a business, even banking.

Arguably more complex metering especially for high power installations I suppose but the other things, other than servicing, largely the same.
 
sherlock1969 said:
It’s the perfect storm.

Businesses will need to increase prices at the very time the public has less and less money to spend.

A nightmare for any business targeting discretionary household spending.
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It's going to be grim AF. There's surely going to be hardly any independent pubs and restaurants left in a couple of years.

How much will it be costing shops to keep the fridges and freezers on? It's crazy.
 
Billyzin said:
Hard times ahead for millions of people.
This will cripple lots of businesses.
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That’s the whole idea - destroy small businesses and the middle classes leaving just big business to monopolise everything. Resulting in a society of just upper and lower class. Read the WEF agenda - “you will own nothing, have no privacy, and you will be happy about it” 🤬
 
Just talking about this with my wife this morning she has worked in the same small deli for over 25 years , she can’t see it surviving for long . the govt need to come up with a package of grant and loans and tax cuts , to ease the crisis , or their will be mass unemploment.
 
I've just read a report in the Morning Advertiser that says that three quarters of all UK pubs could close before the end of the year !
I know that sounds crazy- but unless the Government do something, it WILL happen.
Our electricity bill for July was £535, August's is £1590 !
Our new tariff has tripled our electricity bill.
An extra £1000 every month !
We will struggle on, but it won't last long- at this rate we aren't taking enough money to pay the bills.
Every week more pubs are closing (and not just pubs), all small businesses will fail.
This is an "extinction event", and more and more businesses will die in the coming months,
and, unlike Lazarus, they won't be coming back.
 
As Funky Chicken said.
All part of the masterplan to get the plebs back in their place.
Feudalism just over the horizon, unless we do something about it.
 
That's around 15,500 pints if a pint is at £4 just on energy costs.

Add to that business rates, wages, water rates etc... Think only the big pub chains will be able to absorb these costs and make any sort of a decent profit.
 
RilloRed said:
Just talking about this with my wife this morning she has worked in the same small deli for over 25 years , she can’t see it surviving for long . the govt need to come up with a package of grant and loans and tax cuts , to ease the crisis , or their will be mass unemploment.
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12 million people employed by SME's is the figure I heard recently. Of course we're all concerned about our own bills but there's no cap for businesses. This is going to be a horrible shock to them and many will sadly be lost
 
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