BICS weighted Scotland estimates: data to wave 64
Business Insights and Conditions Survey (BICS) weighted Scotland estimates containing data to wave 64
Gas and Electricity Prices
In Wave 64, businesses not permanently stopped trading were asked about their gas and electricity costs – the specific questions asked are shown below.
Gas/Electricity Cost questions: Are your business's gas/electricity costs fixed or hedged?
- yes, expiring by 31 December 2022
- yes, expiring by 31 March 2023
- yes, expiring after 31 March 2023
- no, gas/electricity prices are variable
- not sure
- not applicable
Around half (49.9%) of applicable businesses reported that their gas prices are fixed or hedged, rising to 71.0% of businesses in the Accommodation & Food Services industry sector. An estimated 19.3% of applicable businesses reported that their gas prices are variable, rising to 35.7% of businesses in the Construction industry sector.
In Wave 64, 55.9% of applicable businesses reported that their electricity costs are fixed or hedged, rising to 77.3% in the Arts, Entertainment & Recreation industry sector. A further 20.0% of applicable businesses reported that their electricity prices are variable, rising to 33.4% of businesses in the Construction industry sector.
Contact
For enquiries about this publication please contact:
Marina Curran
Business & Innovation Statistics
Office of the Chief Economic Adviser
e-mail: marina.curran@gov.scot or industrystatistics@gov.scot
For general enquiries about Scottish Government statistics please contact:
Office of the Chief Statistician
Telephone: 0131 244 0442
e-mail: statistics.enquiries@gov.scot
There is a problem
Thanks for your feedback