Home Business News Celebrity chef’s pub energy bill rises from £60,000 to an eye watering £420,000 and calls for ‘energy price cap’

Celebrity chef’s pub energy bill rises from £60,000 to an eye watering £420,000 and calls for ‘energy price cap’

by LLB Finance Reporter
2nd Sep 22 2:45 pm

A celebrity chef has said on Friday that his annual energy bill at his pub in Marlow has now risen from £60,000 to £420,000 and he is calling for “some form of energy price cap” for businesses.

Tom Kerridge warned today that the “ludicrous” energy price hikes is leaving the hospitality sector facing a “terrifying landscape” and there will be thousands of closures in the coming months.

Speaking to the BBC Kerridge said that one of his pubs has a monthly electricity bill of £5,000 and he has been warned that this is set to increase to £35,000 when his contract ends this December.

Read more related news:

‘Thousands’ of pubs will close as they receive energy contract demands of ‘between 300% to 1,000% of their current contract rates’

Rising energy prices and stagnant income means household bills will cost 11% of the average person’s salary

Since Ofgem announced the rise in the energy price cap, searches to ‘apply for a loan’ has exploded by 295%

British Gas quotes pub an eye watering £61,667 for an annual electric bill with a warning it will be ‘lights off for many’

Kerridge later told The Telegraph, “There’s no way that businesses are going to be able to absorb four, five, 600% price increases.”

The Michelin-starred chef owns three pubs which are all based in Marlow, and Kerridge said he is now looking to “shop around” for a better deal for his small chain.

The celebrity chef is calling on the government for “some form of energy price cap” for businesses, with a reduction in VAT not only for pubs but for all businesses.

Sacha Lord, Chair of the NTIA and Night Time Economy Advisor for Greater Manchester said this week, “The energy cost increases that businesses across the UK are experiencing are simply unsustainable.

“Without immediate intervention, I have no doubt that we will see the closure of thousands of venues across the UK, an outcome which will have dire consequences for our country’s economic growth.”

“This is the time for the current Prime Minister, Chancellor and those in the running to come together as the leading party in Government, and work with us to determine and announce solutions to this terrible crisis.”

“This is the time for the current Prime Minister, Chancellor and those in the running to come together as the leading party in Government, and work with us to determine and announce solutions to this terrible crisis.”

Leave a Commment

You may also like

CLOSE AD

Sign up to our daily news alerts

[ms-form id=1]