Aussie business slapped with $900,000 power bill increase amid cost of living crisis

Nippy's is a third-generation family business with three manufacturing sites across South Australia supplying juice and milk to Aussies.

The latest quote hit the business with a $1.7 million per year electricity contract which is an increase of 95 per cent. Knispel said on top the electricity increases, other costs are also going up, including milk coming from the farms which jumped by 25 per cent.But on top of now having to find an extra $900,000 to pay for the electricity the business is worried about passing on the costs to customers to cover the burden.Knispel said Nippy's has "no choice" but to pass on the costs.

Liberal MP Tony Pasin said it is inevitable the costs businesses are slapped with will be passed on to the consumer."When people go to the grocery store they're not getting far down the aisle before they run out of cash."But he warned this may drive customers away from Australian businesses.

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Source: FinancialReview - 🏆 2. / 90 Read more »