Coffee shop owners warn latte prices will have to skyrocket to £14 to cover energy bills

Desperate coffee shop owners have warned the price of a latte will have to skyrocket to £14 to cover their rising energy bills.

Chris and Anna Vidler operate an independent restaurant called The Lane and reckon spiralling costs will force them to hike their prices.

They estimate they would need to sell coffees for an astonishing £14 each to meet their costs.

The business owners in Deal, Kent, expect their bills to be five times as much next year.

LeicestershireLive reports that after the new year the couple expect their gas and electric bills to rocket more than five times than they are currently paying.

And to keep up with the rising energy prices, Chris calculated their £2.90 latte would have to shoot up to £14.30 a cup.

He said: “We are already down, despite a reasonably busy summer. We’re noticing empty seats because people are staying home when they don’t have as much money to spend.”

When the couple’s electricity contract runs out at the end of this year, new quotes take the price from £15,000 per year to around £69,000.

At the end of February their gas contract will also need to be renewed – with the new quote set to take them from around £400 per month to around £2,400.

According to Chris’ calculations, raising the price of their £2.90 latte by the same amount as their bills increase, would take a coffee to £14.30.

He said: “If we accepted that contract with that quote, that would be business suicide.”

Chris says while the PM has introduced the cap on energy for households, as a business owner he is left confused about what to do.

He hopes help will come to make it possible for the business to stay afloat and continue paying 25 staff members.

But he has yet to sign any new contract for next year when his current gas and energy contracts are expected to be renewed.

And he has not signed up for anything so far because he can’t find anything he can afford.

He said: “There’s not really a lot of information for us out there.

“I can’t pay extortionate bills. It’s not possible. We struggle to make ends meet every month and have to go into our overdraft to pay the bills and our staff wages.

“It’s really hard. We’ve lost a lot of sleep over it.”

Earlier this week The Mirror reported how an “Energy Price Guarantee” to limit how much households in Britain will pay for their energy will come into effect from October 1.

Liz Truss pledged households will “now pay up to an average £2,500 a year on their energy bill for the next two years.”

That includes a £400 per household Energy Bill Support Scheme already announced, with green levies of around £150 also being temporarily removed.

Ms Truss said the move would save the average household in England, Wales and Scotland at least £1,000 a year.