George Osborne’s recent budget did not bring much good news for businesses and individuals already struggling with ever tightening belts.
For businesses large and small, the announcement of the Carbon Tax will not be welcome. The British Government must meet green energy targets set by the EU that stipulate a third of electricity generation must come from green sources by the year 2020.
To meet these targets, the chancellor has announced a new carbon tax to raise £3.2 billion by 2016. This tax will largely be funded by higher home and business electricity bills passed on to the consumer by the energy companies.
The tax will be imposed on coal and gas plants from 2013, based on their carbon emissions. Much of these costs will be passed on to home and business electricity customers in the shape of higher bills. Renewable energy producers such as wind farms and nuclear reactors have low emissions so will pay very little, but will still benefit from the rise in electricity costs.
British businesses have already been tightening their belts to weather the economic storm, but there are other steps businesses can take, too, to help keep the impact of these price rises down.
One of the most important areas to keep an eye on is the accuracy of overheads such as business electricity and business gas bills. Many utility bills are in fact estimates; making sure that bills are accurate will mean that you only pay for what your business uses.
It’s also important to keep an eye on what tariff you are on for your business electricity and gas. You can do this easily by using the services of an independent specialist business energy price comparison website such as Energy Advice Line.
You can also use a business energy price comparison website to obtain a free, no obligation quote to switch business electricity and gas supplier for a cheaper deal. Of course it goes without saying you should also check out the renewal date for your business utilities to make sure you don’t get rolled over into a potentially costly new contract without the chance to switch.
For further free advice contact the Energy Advice Line on 0800 915 1800 or visit their business electricity price comparison site
Contact name:
Energy Advice Line Limited,
1a Crimea Rd,
Bournemouth,
Dorset,
BH9 1AP
[email protected]
Phone: 0800 915 1800
