Data from research consultancy firm Cornwall Insight suggests that electricity bills for large retail and leisure units, and small manufacturers are set to reach £200,000 higher in 2026 than pre-crisis costs.
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.
