Research conducted by Energy Systems Catapult has revealed that small and medium-sized enterprises (SMEs) based in the West Midlands have seen their energy bills increase by between 167 and 500%.
UK businesses are facing electricity bill rises of up to 133% from April compared to last year, Cornwall Insight’s Delivered Electricity Cost forecaster revealed.
67% of large businesses believe the Energy Bills Discount Scheme (EBDS), set to be introduced from 1 April 2023, won’t go far enough to support them amid the energy crisis.
A new report by Cornwall Insight suggested a number of regulation and policy changes that would build a partnership between the Government and UK businesses to support corporate investment in decarbonisation.
From April, UK businesses and other non-domestic energy users will see a unit discount of up to £19.61/MWh applied to their electricity bill, the Government has announced.
