High Energy Prices… What About Commercial Properties?

Posted on 18 October, 2011 by MOVEHUT

There is much talk recently in the news about how people will struggle to be able to afford to keep their homes warm over the winter with energy prices rising. But many people seem to be forgetting that the energy price rise will also affect commercial properties.

Many businesses could struggle to keep their premises warm this winter, which could force them to lose consumers or to close early. Let’s face it; no-one wants to walk around a cold retail commercial property. Sometimes people pop into a shop just to get a bit of warmth anyway and have a browse whilst they are there.

What help is being offered?

The Government is currently in talks with the main energy providers and Ofgem (energy regulator) in order to try and find a solution that will help both residential and commercial properties this winter. So far, they have agreed for eight million consumers to be contacted, who will be offered details of how to switch to a better tariff, a more effective payment method and how to insulate their home and business, all of which will save them money. Consumers are advised to compare gas and electricity prices, to find the best deal.

Speaking at the recent meeting, David Cameron, Prime Minister stated, “We are making energy companies be competitive. They’re permanently being watched by Ofgem to make sure it is a competitive market, and we are making them make their energy available so that others can come in and provide customers with a good service.”

“We’re also writing to millions of customers today to encourage them to shop around to get the cheapest possible deal they can for their energy. So this is about the government, about Citizens Advice, about other organisations, all working together to help people to keep their energy bills down,” Mr Cameron added.

What help is being offered especially for commercial properties?

British Gas has appointed a specific team, which will offer advice to businesses with commercial properties. The team aims to help with:

  • Bills
  • Debt
  • Energy efficiency
  • Flexible payment plans.

The scheme has already helped 2,000 businesses set-up flexible payment plans, which ensures that they can cover the energy costs this winter. Phil Bentley, Managing Director of British Gas, said: “We want our customers to be confident they are on the right deal for them. That’s why we’re ensuring everyone benefits from the discounts and rewards available.”

However, at the end of the day, energy companies can only do so much as it is up to consumers of how much energy they use and how effectively they use it, as David Cameron said: “The easiest ways to get energy bills down quickly are to get people paying the lowest possible tariffs and reduce the amount of energy that is wasted.” A large number of retail commercial properties even leave their doors open during the winter time, just to ensure that there is easy access to the premises for the customers. This should definitely be avoided in order to reduce the amount of energy that is wasted.




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants

BA cuts 12,000 jobs, unions hit back

Media Streaming Service See Record Subscriptions

Covid-19 Causes Millions To Claim UK Furlough Scheme