A new survey by Paragon Bank has found that 54% of small and medium-sized enterprises (SMEs) have raised their prices to cover the unprecedented rise in energy costs.
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%.
The Confederation of British Industry (CBI) has urged the government to extend the Energy Bill Relief Scheme beyond March 2023 for high energy users to prevent plunging British industry into disarray.
A rise in the cost of energy has had a severe impact on the transition of small and medium enterprises (SMEs) in their pursuits of lowering carbon emissions and adopting green technologies.
