THE LEADING PUBLICATION FOR THE HOSPITALITY SECTOR & LICENSED TRADE Issue 154
£7.3bn Energy Increase Looms for Hospitality as Support Reduces www.CLHNews.co.uk
With tomorrow [1 April] marking the introduction of the Energy Bill Discount Scheme, which greatly reduces the support available to business, the hospitality sector is facing costs of £7.3bn in increased energy bills. Without meaningful action to rein in some profiteering energy suppliers, the sector will no doubt see thousands of venues go out of business. A snap survey of UKHospitality’s members shows that almost half (41%) had
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been refused a quote by an energy supplier for the sole reason of operating within hospitality. Energy costs show no sign of relenting, with costs now accounting for 11.4% of business turnover, up from 3.4% before the crisis.
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