Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Business
Jillian Ambrose

More than 1m UK small businesses ‘trapped in high-cost energy tariffs’

Local corner shop in London
The Association of Convenience Stores says thousands of members have fixed contracts signed in 2022 at the height of wholesale prices. Photograph: Alex Segre/Alamy

More than 1m small businesses may be paying energy bills significantly above market rates after becoming trapped in long-term contracts fixed when prices reached a historical peak last year.

Trade groups representing businesses from metalworkers to convenience stores have joined forces to warn of a “perilous situation”.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.