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Page added on February 27, 2006

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Fuel prices hit more than just profits

Like other ceramic businesses, H &R Johnson has been hit by increases in energy costs of around 60 per cent in the past 12 months. The reasons behind these rises are well documented and you have to question why the country has been allowed to reach such a critical position, especially as the problem was predicted but no action taken.

Although we have spent

To try and mitigate the costs, we have long since abandoned the traditional route of buying energy through annual fixed-price contracts, due to the recent volatility of the market price from a totally deregulated energy market. We now buy energy on the forward market.

The short-sightedness of the Government in allowing this situation to arise has a number of effects on business; one of the most dramatic is on competitiveness and profitability, but the other is on a company’s workforce.

The Sentinel

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