Government announces lower energy costs as part of ten-year plan for industry

More than 7,000 British businesses are set to see their electricity bills slashed by up to 25% from 2027, as the Government unveils its new Industrial Strategy. Lowering energy costs for thousands of businesses by exempting them from some green energy levies will be the central part of the refroms. The modern Industrial Strategy sets out a…

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Three in five businesses concerned energy costs are undermining growth plans

New research from EY. has found that whilst the majority of companies say they have energy-related strategies and targets in place with three in five (62%) say the volatility of costs is already impacting profitability and competitiveness, with 66% concerned about the availability and reliability of energy supply to meet their future needs. The latest…

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Energy supplier pays out £1.65m over customer service failures

8th December 2024 Business Utilities | #business energy

Energy company, Maxen Power has paid £1.65 million for customer service failures. Maxen Power supplies more than 10,000 non-domestic energy customers. A recent investigation carried out by energy regulator Ofgem found that Maxen Power breached its licence conditions by not having robust systems in place to protect its customers. This allowed third-party reps to sign…

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Commercial Credit & Collections Conference 2.0 Review

Credit Connect Media hosted its second Commercial Credit & Collections Conference last week at the Midland Hotel in Manchester which saw ten trade credit and insolvency professionals from various industry sectors meet to discuss the latest industry challenges. In the seventh edition of the Commercial Credit & Collections Conference series, hosted by Credit Connect Media,…

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Opus Energy to pay £7m for overcharging business customers

Opus Energy has agreed to pay more than £7 million in refunds, redress and goodwill payments after identifying it overcharged almost 88,000 non-domestic customers between 2003-2023. The non-domestic supplier had two faults in its billing system, meaning customers were temporarily on the wrong tariff or their billing periods were incorrectly duplicated.  The faults were initially…

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Electricity costs surge for businesses

15th October 2024 Business Utilities | #business energy

Electricity bills for small industrial consumers, including large retail and leisure units as well as small manufacturers, are set to rise to around £200,000 more than pre-crisis levels in 2026 according to data from Cornwall Insight’s Business Energy Cost Forecast. The report revealed that small industrial businesses are predicted to be paying £550,000 annually (£238…

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CCW appoints Chief Executive

8th October 2024 Appointments |

CCW has announced that it has confirmed Mike Keil as its permanent Chief Executive. Keil took the reins on an interim basis last October after the departure of former CEO Emma Clancy, following her three years at the helm. He has been with CCW for the past seven years having previously served as the organisation’s…

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Water bills set to rise 30% for small businesses

Small businesses in England and Wales are facing a near 30% increase in water bills by 2030, as water suppliers are accused of passing on the costs of ‘historic errors’ made by industry leaders. Water industry regulator, Ofwat anticipates average wholesale charges for non-household customers, including small firms and charities, to rise by approximately 27%…

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Government announces consultation on rogue energy brokers

23rd September 2024 Business Utilities |

A new Government consultation will investigate introducing regulations in the energy retail market to protect consumers and businesses from unregulated rogue energy brokers Energy brokers and price comparison websites will be among those set to be held to account by a new regulatory regime, to provide better protections and save money for consumers and businesses. These…

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Business energy bills forecast to remain 70% above pre-crisis levels

Data from Cornwall Insight’s newly launched Business Energy Cost Forecast has revealed that a typical small business such as a pub, restaurant or independent retailer is paying over £5,000 more a year in energy bills than prior to the energy crisis, with bills predicted to rise further from the April 2025 – March 2026 contract…

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FSB calls on Ofgem to take action on standing charges

25th April 2024 Business Utilities |

The Federation of Small Businesses (FSB) has called for the energy regulator Ofgem to take action on the standing charges paid by small businesses, many of whom have seen the daily fixed price they pay, regardless of usage levels, soar over recent months. FSB has written to Ofgem’s chief executive Jonathan Brearley to draw his…

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Ofgem outlines greater protection for businesses on broker fees

Businesses will get fairer treatment, more support resolving disputes and greater transparency on broker fees under new rules announced by Ofgem. The changes will apply to the non-domestic energy sector, which includes businesses, public services like sports centres and village halls, utilities, charities and more. The new rules will make sure energy suppliers improve customer…

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Small firms call out energy suppliers over increase in standing charges

30th January 2024 Business Utilities |

Some energy suppliers are using rocketing standing charges as a way to inflate bills for small firms, according to the Federation of Small Businesses (FSB). In its response to Ofgem’s recent consultation on the standing charges system, FSB flagged fresh complaints from members of staggering rises – up to 12-fold increases – in the fixed…

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