Please kindly sign this petition for engery price cap on small businesses.

[CapitalOne]

I believe that now summer holidays for MP's are over or nearly and the Prime Ministerial reset ditto, that the Houses of Parliament will be a clamour for all kinds of action. Meanwhile behind the scenery a lot of actions await signature by a person in authority.

We will see.

This may not be too late as I suspect (although happy to be corrected) that most of the insane prices are still "quotes" rather than "demands" at this time. We will indeed see!

 

[Hagar]

Whether you agree or not you should sign it becuse right now nothing is being done. The entire economy is going to collapse under the sheer insanity of these increases. Jobs related to those businesses closing further in increasing the pain.

Something has to be done and if signing something like this forces discussion it’s worth it rather than sitting on the fence becuse you don’t think this particular thing is the solution.

You should absolutely not sign something that you do not agree with thereby lies tyranny. Who are you to demand so?

 

[dod]

This may not be too late as I suspect (although happy to be corrected) that most of the insane prices are still "quotes" rather than "demands" at this time. We will indeed see!

Thing is if businesses don't accept the quotes and they go out of contract they roll onto out of contract or extended rates. These are even more crippling.

Drax, from memory, was quoting about £1.27 per kWh for out of contract last week and that's not optional or negotiable

 

[Ayahuasca]

It's over tbh.

 

[CapitalOne]

Thing is if businesses don't accept the quotes and they go out of contract they roll onto out of contract or extended rates. These are even more crippling.

Drax, from memory, was quoting about £1.27 per kWh for out of contract last week and that's not optional or negotiable

I stand corrected.

Important note: I believe this is an issue that should have had at least some form of leadership (other than Kip whassername and Martin Lewis) from the government regardless of their internal flapping and it's not going to get any better whilst the kippers are still in power.

 

[Uther]

Signed. Good luck mate, I think you're going to need it

 

[Things change I've changed]

Out of interest, what is your current unit rate, and what is the unit rate they plan to offer going forward, there must be some rival company who can step in and offer a much better value?

2.9p unit increasing to 27.5p unit, price increase of 13.8k annually to around 100k inc vat.

I'm not sure the public realise these types of un capped increases are hitting small businesses in the UK.

 

[413x]

Does anyone have any idea what a cap for business would cost the taxpayer?

For arguments sake let's say they cap it at current domestic rates?

Some industry uses ridiculous amounts. Would be hard to ask tax payers to pay for this.

Really, apart from having no cap I don't really have any concept of how the government would intervene?

 

[Doobedoo]

Signed.

 

[Mercenary Keyboard Warrior]

Does anyone have any idea what a cap for business would cost the taxpayer?

For arguments sake let's say they cap it at current domestic rates?

Going to depend on what level and if its all businesses or only some etc
Many large or very large are going to be just as crippled.

when you consider right now there is 29GW of demand on the grid for electric only (excluding exports, generation is actually just under 32gw)

Bear in mind a GW is a million KW. So we are using around 29 million units per hour, give or take.

Lets say subsidy of £0.33 thats £10,000,000 per hour to fund that subsidy. rounded. Or more accurately around £230 million per day.

 

[413x]

GW per?

Instant draw?

 

[413x]

Going to depend on what level and if its all businesses or only some etc
Many large or very large are going to be just as crippled.

when you consider right now there is 29GW of demand on the grid for electric only (excluding exports, generation is actually just under 32gw)

Bear in mind a GW is a million KW. So we are using around 29 million units per hour, give or take.

Lets say subsidy of £0.33 thats £10,000,000 per hour to fund that subsidy. rounded. Or more accurately around £230 million per day.

Yeah
That's what I thought.
Unsustainable then.

More I roll the numbers in my head more Im amazed we can even maintain what we've been using to date.

I simply can't see the money being available to mitigate this ticking time bomb

 

[Mercenary Keyboard Warrior]

Yeah
That's what I thought.
Unsustainable then.

More I roll the numbers in my head more Im amazed we can even maintain what we've been using to date.

I simply can't see the money being available to mitigate this ticking time bomb

Yep and yet everyone is calling for not paying what they need to.

IMO direct support to every household, al be it with some getting more (on lower incomes/benefits)
Business able to apply for loan, similar to COVID ones for a short period, but including a business plan to see if the business is viable at new energy prices.
Part of plan should be assume 80% volume of sales to reflect COL impact. Maybe flexed by sector.
Hospitality / pubs etc are going to be hammered. They have been struggling for years, we have to consider as a nation if we are willing to pay more to eat out or not. It shouldn't be socialised.

 

[Uther]

I'm not sure the public realise these types of un capped increases are hitting small businesses in the UK.

I think a lot of the public don't realise what's about to hit them tbh.

 

[Things change I've changed]

Does anyone have any idea what a cap for business would cost the taxpayer?

For arguments sake let's say they cap it at current domestic rates?

Some industry uses ridiculous amounts. Would be hard to ask tax payers to pay for this.

Really, apart from having no cap I don't really have any concept of how the government would intervene?

The thing is I guess a lot depends on how how long this will go on, if a lot of the hospitality sector and other businesses connected to them, suppliers and manufactures etc all go out of businesses and then we have the cost of mass unemployment, remember half the employment in the UK is from small businesses, 48% of total employment by private sector businesses.

 

[Mercenary Keyboard Warrior]

I think a lot of the public don't realise what's about to hit them tbh.

Agree.

I am seeing a lot of people talking about it, but still seem semi head in the sand of the actual impact.

So many dont know usage at all, quote their DD as if its some magic number, and I hear the cap mentioned a lot, with many thinking its an actual cap.
They really need to fix the message of it being a unit price cap which leads to the average being £x rather than keep saying the price cap of £x for the average house.

 

[CapitalOne]

Agree.

I am seeing a lot of people talking about it, but still seem semi head in the sand of the actual impact.

So many dont know usage at all, quote their DD as if its some magic number, and I hear the cap mentioned a lot, with many thinking its an actual cap.
They really need to fix the message of it being a unit price cap which leads to the average being £x rather than keep saying the price cap of £x for the average house.

Exactly! What's the cap now...£2K? With that current "cap" my esimates are (although it contains a large over estimate in Q2 better safe than sorry)

£1670 for gas
£3950 for electricity

Which in a month I assume goes to

£3500 for gas
£8000 for electricity

And then in Feb

£7000 for gas
£16000 for electricty

There goes the holiday budget. Obviously some tweaks to be made.

 

[413x]

The thing is I guess a lot depends on how how long this will go on, if a lot of the hospitality sector and other businesses connected to them, suppliers and manufactures etc all go out of businesses and then we have the cost of mass unemployment, remember half the employment in the UK is from small businesses, 48% of total employment by private sector businesses.

The numbers are so big and so many variables we don't know it's really hard to put a cost/benefit on it.
Hard enough with domestic.

If the domestic costs 100bln the SME cost will be vastly higher.

At a personal level the more I can see cost of living being unstable the more I'll pull back from spending. We are on a good level of household income. But right now I still feel the need to prioritise spending.

Can't see any visits to pubs for meals any time soon for example. Clothes shopping? Nope.


Even if a business can pay the utilities... The goal posts for viability have really changed.

 

[413x]

Agree.

I am seeing a lot of people talking about it, but still seem semi head in the sand of the actual impact.

So many dont know usage at all, quote their DD as if its some magic number, and I hear the cap mentioned a lot, with many thinking its an actual cap.
They really need to fix the message of it being a unit price cap which leads to the average being £x rather than keep saying the price cap of £x for the average house.

Really wish media/Ofgem started saying

"it's a cap of Xp a unit" rather than a monetary cap.

I know there's regional flex in unit cap. But it creates so much confusion. Every time Martin Lewis talks a bit he has to explain. Which shows its a bad label.

 

[adam cool dude]

It's over tbh.

Pretty much. I don't think people quite realise what is going to happen in the coming years. It is going to make 2008 feel insignificant. A local restaurant that was a bit of attraction for the area has just closed its doors after 15 years. They are still operating their truck stop one which only opened after COVID however.