Millions of households are bracing for increases in energy, broadband, mobile, water, and council tax bills from 1 April. But it's not just households feeling the squeeze...
Businesses across the UK are also facing rising costs, which could significantly impact their bottom line.
How These Increases Affect UK Businesses
1. Higher Operational Costs
For businesses reliant on broadband and mobile services, price hikes mean increased operational expenses. From customer communications to cloud-based services, staying connected is essential—so finding cost-effective solutions is crucial.
How to Save: Businesses should review their contracts and negotiate better rates or switch providers if they’re out of contract. Just as households can save up to £235 by switching, businesses can save too by shopping around.
2. Increased Overheads from Council Tax and Water Bills
Rising council tax and water bills mean higher fixed costs for businesses, particularly for those operating in physical premises. Retailers, restaurants, and offices will all face higher monthly outgoings.
How to Save: Depending on your usage, switching water supplier could reduce your bills by up to 18% – in some cases even more.
Enexus can help you choose the right water supplier to meet your commercial and environmental objectives. We manage the whole tendering process from start to finish, to find you a business water supplier that delivers the right expertise and capacity for your requirements, along with the very best tariffs and savings.
3. Travel and Logistics Expenses Climbing
With train fares already increasing and further transport costs expected to rise, businesses that depend on travel—whether for commuting staff or logistics—will see an impact.
How to Save: Planning travel in advance, splitting fares, and investing in season tickets or railcards can help employees reduce commuting costs. For businesses reliant on logistics, reviewing supply chain efficiency and exploring alternative delivery routes could yield savings.
4. Energy Price Hikes Hitting Hard
The energy price cap is increasing to £1,849 per year for a typical household, and while businesses aren’t subject to the same cap, they will still feel the strain of rising wholesale energy costs.
How to Save:
- Consider fixed-rate energy contracts to lock in lower rates.
- Conduct an energy audit to identify wastage and improve efficiency.
- Invest in renewable energy solutions, such as solar panels, to reduce long-term reliance on the grid.
Taking Action Now to Protect Profitability
With costs rising across the board, businesses must be proactive in managing expenses. Reviewing contracts, switching suppliers, improving efficiency, and taking advantage of government relief schemes can all help mitigate the impact of these price hikes.
The coming months will be challenging, but with smart financial planning, businesses can navigate these increases and continue to thrive.
How Enexus Energy Can Help
At Enexus, we specialise in helping businesses reduce their energy costs through expert procurement, forensic audits, and renewable energy solutions. If you're looking to cut costs and improve efficiency, get in touch with our team today to see how we can support your business.