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Evening Standard

Holly Williams

Businesses face energy bill rises of up to 80% due to Iran war price shock

Cornwall Insight

Businesses are facing gas bill hikes of up to 80% as the Iran war and disruption to key shipping routes sends wholesale prices soaring, according to experts (David Davies/PA) - (PA Wire)

Businesses are facing gas bill hikes of up to 80% as the Iran war and disruption to key shipping routes sends wholesale prices soaring, according to experts.

Cornwall Insight said many companies are set for painful increases in their gas and electricity tariffs from April in a busy month for energy contract renewals, with no price cap in place to protect firms.

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