Energy price rises are an ‘existential emergency’ for venues


There is an energy crisis afoot in the UK, with prices that have already risen expected to balloon again later this year. While much of the coverage of this has focused on consumers, it’s also presenting challenges to already-battered live music venues.

Now the UK’s Music Venue Trust has joined forces with other hospitality-sector bodies to give the government a piece of their mind on the challenge.

“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,” claimed the open letter, which was published this morning. “Hospitality operators face average annual bill increases in the region of at least 300%, putting at risk businesses and jobs.”

Music Venue Trust CEO Mark Davyd added some thoughts specific to our industry. “After two incredibly difficult years where venues have had to fight for simple survival, it would be an extraordinary outcome to see them closed and permanently lost because of an energy market that is completely out of control and not fit for purpose,” he said.

“The Government must act to create a genuinely functioning market for energy services that can deliver supply at a reasonable cost or step in to create an affordable supply for businesses.”

Written by: Stuart Dredge