Business Electricity and Business Gas bills to rise

Businesses in the UK may need to prepare themselves for increased Business electricity prices and Business gas prices. This news comes as the government plans to secure electricity and gas supplies and cut carbon emissions. Thus these businesses can expect to face a very steep increase in their energy bills.

This government plan to cut greenhouse gases is also aimed at helping to end Britain’s dependence on risky oil and gas imports. Although some individual policies had previously been announced in the coalition policy agreement, the energy and climate secretary, Chris Huhne, said that the first annual energy statement provided more details on the matter. It also gave a timetable for each move from consultation to legislation.

The conservative liberal democrat coalition, alongside this energy statement, published what it said was the first yearly estimate of the impact of the policies on Business Electricity and Business Gas customer bills. The estimate went on to show that, compared to prices with no government action, combined annual gas prices and electricity prices for households would rise only £13 by 2020. However, businesses were likely to see their bills increased by hundreds of pounds a year. This is because businesses would benefit less from energy efficiency measures available to households.