Product category:
Energy management; Boiler control
News Release from: McKinnon and Clarke
Edited by the Processingtalk Editorial
Team on 03 November 2004
Dire effects of rising energy prices on
business
International utilities specialist McKinnon and Clarke has warned that rising energy prices could mean that some SMEs could be forced into closure
Energy consultancy warns of effects of rising energy prices on business community International utilities specialist McKinnon and Clarke has warned that rising energy prices could mean that some SMEs could be forced into closure
This article was originally published on Processingtalk on 27 Sep 2004 at 8.00am (UK)
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Escalating prices in the energy market mean that many businesses now have no option but to source a new supplier and renegotiate their contracts.
Some will inevitably find it difficult to cope with the increased expenditure in this area, however others could end up facing closure as a result.
Energy Consultancy, McKinnon and Clarke says that firms need to take action to safeguard their business.
Managing Director Simon Northrop explains: "There are two main issues that need to be addressed.
One is rising costs for utilities and the other, just as importantly, is energy efficiency.
Many businesses delay the signing of contracts for electricity and gas, business, but could find that prices will continue to rise and, what may have been a small increase in their bills, could escalate into a huge increase in a matter of months.
"This can be a tricky situation to negotiate as prices are rising and consumers are confused about how to react.
The price rises could potentially have a devastating impact on small to medium enterprises that do not have the flexibility in their budgets to cope with this type of change".
McKinnon and Clarke has employed the world's leading market-monitoring software, Bloomberg to ensure that its analysts making buying decisions on behalf of clients based on the most up-to-date market information available.
Simon adds: "What businesses need to bear in mind is that, even with rising prices, significant savings can still be made.
While price hikes are out of the control of the consumer, energy consumption and efficiency can be easily controlled, and are a sustainable way of saving money without having to invest heavily.".
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