Tag: energy prices

“There’s a balance to be struck on standing charges”

With standing charges under review and energy prices forecast to be higher than ever this winter, Lucy Dixon spoke to Utilita’s CEO Bill Bullen about how the company is supporting its vulnerable customers.

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Rise in pubs closing permanently due to energy costs

More than 150 pubs have closed permanently across England and Wales over the first three months of 2023, according to new figures. The rate of pubs being redeveloped for other purposes has increased by almost 60%, to 153, in the first three months of 2023 – in response to high energy costs, rising food prices […]

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Government confirms reduced energy bill support for businesses

A new energy scheme for businesses, charities, and the public sector has been confirmed by the Government, ahead of the current scheme ending in March. The new scheme will mean all eligible UK businesses and other non-domestic energy users will receive a discount on high energy bills until 31st March 2024. The Chancellor of the […]

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Businesses “desperate” for news on energy support package

The British Chambers of Commerce has issued a statement on energy bill support for businesses. Following a meeting with the Chancellor on new energy support for businesses, BCC Director General, Shevaun Haviland, said: Businesses have been desperate to learn if support for their energy bills will be extended beyond the April cliff-edge. An announcement in the coming days on the exact shape of the assistance cannot come […]

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Waitrose accelerates heat pump plans

Waitrose has revealed its plans to speed up the installation of heat pumps in its stores to combat rising energy prices. It is switching from fossil fuel heating to electric heat pumps in stores, with 100% of the electricity it purchases already coming from zero carbon UK-based renewable energy sources. By 2028 it will have […]

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Third of hospitality businesses at risk of going bust

More than a third of the UK’s hospitality sector is at risk of business failure in early 2023 due to rising costs, according to a survey by UKHospitality, the British Beer and Pub Association (BBPA), the British Institute of Innkeeping (BII) and Hospitality Ulster. The organisations’ joint Q4 Hospitality Members’ Survey showed that 35% of […]

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National Grid announces £50 million energy support fund

National Grid has launched a £50 million energy support fund, which will make “significant donations” to organisations working on the front line of the energy crisis. The fund will be targeted at charities who provide immediate, emergency financial relief to households using pre-payment energy meters; charities who fund energy efficiency measures to lower bills over […]

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Nesta calls for energy-saving campaign

Nesta has called for the government to launch an energy-saving campaign as part of its review of the Energy Price Guarantee. Madeleine Gabriel, Director of Sustainable Future at Nesta, said: “A Government energy saving campaign is the missing plank of a responsible long-term plan for energy bill support. “Many households will continue to need direct […]

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Low-cost solutions to cut energy bills

John Johnson from iHelios explains how its heating and smart technology solutions can help businesses keep energy costs down. With what seems like ever-soaring energy prices, businesses across all sectors will have to look to review their cost base. Large consumers of energy are very focused on their energy costs, and not forward predicting their […]

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This week’s big stories

Every Friday, we take a look at some of the stories relevant to the elemental audience that have been making the national news this week. The Guardian’s story on the energy price support announced for businesses: UK businesses given six-month emergency energy price cap The business department has now announced a ‘supported wholesale price’ expected […]

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Government introduces Energy Price Guarantee for households

The government has introduced the Energy Price Guarantee, from 1st October, which will mean the typical UK household’s annual energy bill will be £2,500. This is expected to save the average household at least £1,000 a year based on current energy prices from October and is in addition to the £400 energy bills discount for […]

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BCC calls for new PM to act on “unsustainable rises” in energy prices

The British Chambers of Commerce (BCC) has urged Liz Truss, the new Prime Minister, to act immediately to support businesses struggling to meet rising energy costs. Reacting to the announcement of the new Prime Minister, Sarah Howard, Chair of the BCC, said: “The last few months have been difficult for everyone, time is running out and urgent action is needed to deal with the […]

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