How businesses can offset their rising energy prices.



Peter Foley is our resident guru here at CPA, and has been passionately following the shifting world of business rates for many years. With a keen political insight, Peter’s writing reveals how policy change is key to understanding your business rates further, and how this could translate into substantial savings. In his weekly column, Peter also outlines a desired path forward, with changes we’d like to see implemented for a fairer system on the nation's business rates.




The lack of a price cap on business energy has seen out of contract rates rise by an average of 100%

And worse is to come, with another predicted 40% surge in October.

How will businesses survive?

The widespread search for more favourable fixed rate deals, particularly when "switching windows" open, is further robbing managers of precious time that they can ill afford. Especially as they grapple with the many challenges arising from business life in a post-Covid climate.

There are no areas of business unaffected, from large industrial firms to small corner shops and salons.

Reasons for the relentless increase are many and varied, from an increase in demand and restricted supply to a shortfall in wind and solar power, coupled with the UK's lack of storage facilities.

The CEO of Centrica predicts that high prices will last for 18 months to 2 years. Which is an ominous prediction and a sign of times to come.



 

Arguably the best way to economise in these unprecedented days is to look at the full scope of potential savings your business could achieve.

Our experienced RICS-accredited surveyors, present persuasive, fact-based cases to the rating authorities - vitally important for sound financial health in the future. Through our service, we can ensure you that your business rates will be as low as they can be.

If it’s of interest, we also work closely with our partners across the overhead mitigation industry, to ensure the cost of running your business is kept to an absolute minimum.

Our affiliates department is able to offer a quick, free “business health check” consultation over the phone. From there, we’ll be able to work out if there are any further areas to save money on, on top of having your business rates reduced.



 

Contact CPA for a free no-obligation consultation.





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