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17 August 2017

Unwelcome hike in energy costs at time of uncertainty for small businesses – FSB NI

RESPONDING to Power NI’s announcement that they are to increase energy costs by twice the rate of inflation from 1 October, FSB Northern Ireland Policy Chair, Wilfred Mitchell OBE said:   

“The announcement by Power NI that they will be increasing prices to this extent is disappointing and unwelcome, as it adds a further adverse burden to what are already some of the highest operating costs faced by SMEs, at a time of increasing uncertainty.

“Rising costs are already having to be absorbed by business owners, making it increasingly difficult for them to invest, expand and create jobs; this price hike will undoubtedly have a negative impact on economic growth.

“Measures such as progressing the North South Interconnector need to be developed and expedited to help increase efficiency and competition.”

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