Rowena Mason wrote in the Telegraph today questioning - Why is the oil price rising? She also provided some very interesting content on the speculation surrounding this which her readers were keen to comment on.
But the most worrying aspect in all this is – “that oil at this level ($100 per barrel) is going to provide further fuel for food price inflation, with the cost of transport and manufacturing going up.
It will also affect petrol prices, potentially tipping them towards 140p, although recent tax rises are largely to blame for the record cost of filling up.
All this will add to pressure on OPEC, the oil cartel, to increase production. The group’s members appear to be in no hurry to do this, enjoying the extra revenue that $100 oil will bring. But ultimately, as the International Energy Agency has warned, excessively high oil prices become damaging for the world economic recovery”.
So how does this affect your business energy bills? Well we are all going to feel the pinch even more as transport costs rise we will all either have to develop ‘internet’ products that don’t need shipping or tighten our belts yet again to survive. For a small or medium sized enterprise that is what it is coming too – survival and one the only ways to survive is to cut back and make savings.
Often your business electricity and business gas bills are taken as a given, “there’s probably nothing we can do about them”. Well that’s where your wrong there is a lot you can do to save money in this area and by using one of the ‘independent’ business energy comparison sites you could save some costs and your business.
First of all check your meter readings against your bills and request credits if they are due – it’s your money after all and then check your contract details, when’s it due for renewal? If it’s within the next 3 months check what rates you could get by switching. If it’s in the next year it’s still worth checking with comparison site, those like Energy Advice Line will happily keep a check on the contract date and remind you when it is best to consider new, better rates and will in fact help you through the whole switch process, and it won’t cost you anything extra.
So just as you are watching every drop of fuel it puts in its vehicles and how much it costs you should be aware of the additional costs you could be incurring if you don’t monitor your expenditure on business electricity and business gas as they all could make a vital difference to your business.
To read the whole story about the price of oil click here.
Rowena Mason wrote in the Telegraph today questioning - Why is the oil price rising? She also provided some very interesting content on the speculation surrounding this which her readers were keen to comment on.
But the most worrying aspect in all this is – “that oil at this level ($100 per barrel) is going to provide further fuel for food price inflation, with the cost of transport and manufacturing going up.
It will also affect petrol prices, potentially tipping them towards 140p, although recent tax rises are largely to blame for the record cost of filling up.
All this will add to pressure on OPEC, the oil cartel, to increase production. The group’s members appear to be in no hurry to do this, enjoying the extra revenue that $100 oil will bring. But ultimately, as the International Energy Agency has warned, excessively high oil prices become damaging for the world economic recovery”.
So how does this affect your business energy bills? Well we are all going to feel the pinch even more as transport costs rise we will all either have to develop ‘internet’ products that don’t need shipping or tighten our belts yet again to survive. For a small or medium sized enterprise that is what it is coming too – survival and one the only ways to survive is to cut back and make savings.
Often your business electricity and business gas bills are taken as a given, “there’s probably nothing we can do about them”. Well that’s where your wrong there is a lot you can do to save money in this area and by using one of the ‘independent’ business energy comparison sites you could save some costs and your business.
First of all check your meter readings against your bills and request credits if they are due – it’s your money after all and then check your contract details, when’s it due for renewal? If it’s within the next 3 months check what rates you could get by switching. If it’s in the next year it’s still worth checking with comparison site, those like Energy Advice Line will happily keep a check on the contract date and remind you when it is best to consider new, better rates and will in fact help you through the whole switch process, and it won’t cost you anything extra.
So just as you are watching every drop of fuel it puts in its vehicles and how much it costs you should be aware of the additional costs you could be incurring if you don’t monitor your expenditure on business electricity and business gas as they all could make a vital difference to your business.
To read the whole story about the price of oil click here
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