Businesses’ spending on electricity is set to more than double as a share of all expenditure compared with 2018, New Statesman analysis found.
Pubs, restaurants and catering services, for example, were spending an average of 8.8 per cent of their budget on electricity in 2018. Without government support, that figure is expected to rise to 20.6 per cent in October 2022 when the energy price cap is increased.
Subscribe to The New Statesman today from only £8.99 per month
Content from our partners
