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The Guardian - UK
The Guardian - UK
Business
Jillian Ambrose

Thousands of small UK firms’ energy bills set to more than double due to Iran war

United Kingdom Iran Oil Tina McKenzie FSB Ofgem
A tanker truck making a delivery of heating oil
Heating oil is used by about 17% of rural small firms, according to the Federation of Small Businesses. Photograph: Paul Lilley/Digitalshot/Alamy

Thousands of independent businesses across the UK are braced for their energy bills to more than double owing to the sharp rise in heating oil costs as the war in Iran pushed Europe’s fuel market prices to fresh record highs.

About 7% of all small and medium-sized companies warm their properties and provide hot water using heating oil, which in some cases has more than doubled in recent weeks.

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