Business owner reacts to bumper energy profits

ODN

Nicola Elliott, the founder of a British jam manufacturer, reacts to energy companies announcing record profits. British Gas owner Centrica revealed that earnings at its retail supplier business soared by nearly 900%. Nicola thinks that this is “unethical”, saying: “We’re nowhere near making that kind of profit in our business, so why should they take all of the money and take it away from small businesses.” Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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00:00 So our energy bills have gone from about £400 a month last year up to around £1,700 a month

00:13 at the moment. So it's a huge increase, one that we hadn't planned for. We're basically

00:19 having to use money that we had planned to put towards employing another person instead

00:24 to pay our energy bills. So yeah, it's a huge increase for us as a small business.

00:30 Yeah, so we've had to put our jam prices up. We had to put them up back in January

00:35 by an average of 7-8% and then it looks like we're going to have to put them up again

00:39 in the next few months as well because as well as the energy prices increasing, all

00:44 of our ingredient packaging, everything we use, the price has increased because they're

00:49 obviously also getting increases at their end. It feels quite unethical that the energy

00:54 companies are making so much profits. We're nowhere near making that kind of profit in

00:59 our business, so why should they take all the money and take it away from small businesses

01:04 and ultimately the end consumer?

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