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Live music and hospitality sectors call for urgent action on rising energy prices

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www.nme.com

Pubs, restaurants, music venues, nightclubs, hotels and wider hospitality have reached the point where the conditions for trading are so prohibitive that many venues are already reducing the hours they open their doors.

Others are confronted with the threat of permanent closure. With chronic challenges in the supply chain, labour shortages, interest rates and inflation, rocketing energy prices have become a matter of existential emergency for businesses in our sector.Hospitality operators face average annual bill increases in the region of at least 300 per cent, putting at risk businesses and jobs.

It is also increasingly clear that a significant number of energy providers have withdrawn service provision from the Hospitality market altogether.

The primary purpose of a free market for energy supply to businesses is to create competition, which leads to improved services, competitive rates, resilient suppliers, and the ability to invest in long term and sustainable solutions to energy demand.

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