New survey shows majority of companies expect double-digit rise in energy prices over the next three years
The Carbon Trust just launched a new business to help UK companies reduce their energy costs and install greener, more efficient technology. The launch comes as a new survey by the Carbon Trust has found that 76% of companies are more concerned than they were six months ago by rising energy costs and are very concerned about its impact on their business. Over half are expecting energy price rises of at least 11% over the next three years.
Ministers have revealed they "tinkered around" with a controversial new £500m per year green tax on businesses, despite previously promising that they would overhaul the complex scheme; here, we look at what the tax is and who has to pay it.
The company hinted on Tuesday that it might raise prices "within weeks", and experts predicted that an announcement of a 20pc rise in the cost of gas could come as soon as Friday.