Tuesday, 17 August 2010

Energy switching: who wins?

The range in commercial energy prices in the UK is such that the cheapest business electricity rates are a third of the price of the most expensive. The difference between ‘new customer’ and ‘repeat business’ electricity rates, for example, can mean a savings of thousands of pounds, even to the smallest of companies. Consequently, there are two types of business that switch regularly: those with a high consumption of energy in relation to their size and those on tight budgets that simply can’t afford not to.

There are about 1.8 million business electricity customers on the UK mainland that are classed as neither residential nor heavy industrial. Of theses, hotels and B&Bs are the most cost-conscious when it comes to their business energy bills. In fact, providers of accommodation are three-and-a-half times more likely than the average business to switch supplier, having topped a list of 100,000 companies that have shopped around throughout 2009 to compare business electricity and/or business gas prices.


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