UK businesses are calling on the government to introduce a business energy price cap after nearly four in five firms reported steep increases in energy bills over the past year, new research reveals.
The findings, compiled by energy broker Utility Bidder, show that businesses across England, Scotland and Wales are facing mounting pressure from unregulated energy markets, with many owners calling for urgent government intervention. Unlike households, commercial users have no protection from price caps, leaving them exposed to volatile and often unaffordable rates.
In response, Utility Bidder has launched an official parliamentary petition urging ministers to implement a price cap and provide direct support for small and medium-sized enterprises (SMEs).
“Nearly 80% of businesses have seen their energy bills increase in just the past year, and yet there’s still no cap in place to protect them,” said Chris Shaw, CEO of Utility Bidder.
“For too long, British businesses — especially small and independent ones — have been left exposed to unstable energy prices without the safety nets that domestic consumers have.”
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