Energy Pricing Putting UK Heat Treater in Jeapordy
(Editors note; “Kepston Limited” is a 110 year old, Nadcap approved commercial heat treater in the UK. The managing director of the firm says that due to the shockingly high energy costs in the country their future is in jeopardy. Read the entire article at “Businesses say Britain’s ‘jam tomorrow’ energy plans threaten their survival” and in particular pay attention to the graph of energy costs around the world).
“One City veteran said that the UK’s “exorbitant” energy costs were top of the agenda in most boardrooms when it came to deciding where to invest in new facilities. Brent Millage, managing director at Kepston Limited which specialises in heat treating metal components, said the 110-year-old company was in “jeopardy” as a result of rising energy costs. “We’ve seen three recessions, survived Covid but we’re now facing the biggest crisis we’ve ever faced,” he said. Kepston, which employs a team of 56 in the West Midlands, has already had to axe staff as it braces itself to absorb higher energy bills on top of increased staffing costs caused by last year’s changes to national insurance contributions. Millage said Kepston, which pays £17,000 a month for energy, is now facing an extra £100,000 a year in transmission costs and an extra £13,500 to fund Sizewell C.”
