Rising energy costs push Parramatta restaurateur John Chammas to the brink

·

Sydney small businesses, especially in the hospitality sector, are grappling with skyrocketing energy bills, forcing many to cut staff and reduce hours to stay afloat.

One such business is Mama and Papas in Parramatta, owned by John Chammas, whose gas and electricity costs have surged to nearly $7,000 a month.

“There’s no way we can reduce our energy use,” Chammas told The Daily Telegraph.

“You can’t turn your fridges off. We need the air conditioning. You can’t switch the lights off when we have customers.”

He explained that these rising costs, alongside increased wages, led him to reduce his workforce by 25 to 30 percent.

“It’s almost impossible to pass those costs onto customers,” Chammas added.

He pointed out the challenges of pricing in Parramatta, noting that customers are less willing to pay premium prices for meals compared to those dining with a view in Sydney’s more expensive areas.

The sharp rise in energy costs mirrors a broader trend across Sydney, with many businesses now struggling to stay operational.

These challenges come as new data from the Australian Securities and Investments Commission (ASIC) shows that nearly 4,000 businesses in NSW have gone into administration this financial year, including hundreds of cafes, restaurants, and retail shops.

The rising energy prices, along with plummeting consumer spend, are contributing factors, according to experts.

Source: Daily Telegraph.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Abbot of Mega Spilaio Monastery in Kalavryta arrested in antiquities smuggling sting

Police have arrested the abbot of the Mega Spilaio Monastery in Kalavryta after uncovering a plot to sell Byzantine icons and rare Gospels.

Patriarchate of Jerusalem confirms deposition of Archbishop Damianos of Sinai

The Holy Synod of the Patriarchate of Jerusalem has formally announced the deposition of Archbishop Damianos of Sinai from his throne.

Matt Yannopoulos PSM appointed new Secretary of the Department of Finance

Australian Prime Minister Anthony Albanese has announced that Matt Yannopoulos PSM will be appointed Secretary of the Department of Finance.

Athens rocked by night-time tremor as quake hits near Evia

An earthquake measuring 5.2 on the Richter scale struck off the southwest coast of Evia in the early hours of Tuesday.

Greece outclassed by Denmark in World Cup qualifier

Greece were left frustrated on home soil as they slumped to a 3-0 defeat against Denmark in Piraeus on Monday night.

You May Also Like

TGH Exclusive: NSW Football Associations prepare for imminent football return

As the return of football approaches, NSW Football Associations prepare for the various health guidelines and precautions that will be put in place to allow the season to run smoothly.

Pompeo condemns Turkey’s unilateral actions in East Med in letter to Greek counterpart

US Secretary of State, Mike Pompeo, has criticised Turkey’s unilateral actions in a letter to his Greek counterpart, Nikos Dendias.

Steve Staikos poised to secure top job in the Victorian Labor Party

A key figure in the Socialist Left, Steve Staikos, is poised to become the new state secretary of the Victorian Australian Labor Party.