Businesses Feel Heat As Oil Prices Drive Up Energy Costs ; Energy

Birmingham Post › May 26, 2008

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Summary

British businesses are facing mammoth energy bills this year as record oil prices drive up gas and electricity costs across Europe, sparking anger among some consumers that competition is failing.

The price of oil has more than doubled since last year and wholesale power and gas prices have soared with it.

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Extract

Businesses Feel Heat As Oil Prices Drive Up Energy Costs ; Energy

Big consumers - from steel makers to paper manufacturers - who buy their energy on annual cont...

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