Leading trade bodies representing more than 200,000 businesses, have renewed calls for greater transparency in the business energy market to help tackle rising costs for small and medium-sized enterprises. (SMEs).
Ahead of a key session of the Business and Trade Select Committee upcoming review of the Government’s Industrial Strategy on 28 April, industry groups are warning that systemic transparency failures are driving up costs for SMEs at a critical moment for the economy.
Leading trade bodies representing more than 200,000 businesses, have renewed calls for greater transparency in the business energy market to help tackle rising costs for small and medium-sized enterprises. (SMEs).
Ahead of a key session of the Business and Trade Select Committee upcoming review of the Government’s Industrial Strategy on 28 April, industry groups are warning that systemic transparency failures are driving up costs for SMEs at a critical moment for the economy.
Today Sarah Edwards MP launched The TNT Charter – Trust & Transparency in Business Energy, calling for immediate reform of how electricity prices are set, sold and disclosed, a charter supported by major trade bodies including ACS, BRC, UK Hospitality, NFRN, FSB, BIRA, BBPA and Startup Coalition.
With today’s news that household energy bills will be cut by 7% — and no equivalent support yet announced for businesses — it’s more important than ever to fix the business energy market and ensure firms get a fair deal.
ACS has responded to a consultation launched by energy regulator Ofgem, welcoming proposals to expand the number of businesses that have access to the Energy Ombudsman.
In the consultation, Ofgem outlines its plans to expand the support that the Energy Ombudsman provides to include a wider range of businesses. Under current rules, the Ombudsman can only help businesses that meet Ofgem’s microbusiness definition, but the proposals would expand that to businesses with up to 50 employees.
ACS (the Association of Convenience Stores) has welcomed a Citizens Advice report and renewed calls for Ofgem to protect microbusinesses.
The report from Citizens Advice found that microbusinesses have few protections when buying energy services and experience issues with debt and contract issues caused by minority of third party intermediaries (TPIs).
