Monday, 18 July 2011

UK businesses see energy prices as top risk

British companies rate energy supply and costs as a top risk factor to their business, an RWE (Xetra: 703712 - news) npower survey showed on Monday, 10 days after a second major British energy supplier announced double-digit tariff increases from this summer.
Three hundred major and small energy user companies counted energy as a top risk concern, next to sales and legislation, in RWE (Other OTC: RWNFF.PK - news) npower's Business Energy Index 2011, while only 66 percent said they had a strategy to manage it.

"It is worrying that while businesses have identified that risks associated with energy -- from security of supply to cost -- pose a real threat to their immediate and future operations, many have admitted to not having a strategy in place to manage it," said David Cockshott, director of industrial and commercial markets at the utility company.

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