Over half of UK firms are worried about the financial impact of rising business electricity and gas bills, according to a new poll.
The survey by OnePoll found that although 51% of businesses were
worried, less than 20% of businesses had made their finance teams
responsible for energy tracking and management.
The survey questioned 500 business decision-makers from across the UK
and found that just 19% were responsible for monitoring how much energy
their organisation used.
In most cases the job fell to office managers, facilities managers, and
reception or security staff. However, in 14% of firms no one was
responsible for tracking or monitoring energy use
Julian Morgan, managing director of the Energy Advice Line, the UK’s leading price comparison and switching service for business electricity users, said the survey underscored the need for businesses to make their energy costs a higher priority.
With energy now a significant item of operational expenditure, firms
needed to treat electricity and gas like any other essential business
supply,” Mr Morgan said. “This meant carefully monitoring energy use
and trimming waste where appropriate, and ensuring that the electricity
tariffs being paid were the most competitive on the market.
“Businesses automatically make sure that their IT requirements or
stationery, for example, offer the best value possible. However, most
firms do not regard their business energy and gas supplies in the same way, and they are missing out on significant savings as a result.
“Scrutinizing the market for the best available deals, and ensuring that
you never, ever just stay with the same supplier year after year, has
the potential to save businesses hundreds or even thousands of pounds a
“The process can be time-consuming and complex but that’s where reliable
and independent price comparison and switching services can help. We
have the expertise to compare tariffs like-for-like and can therefore
provide very accurate quotes.
“We also offer a free contract management service; our team of business
energy experts provide ongoing support once we have got you on to the
The OnePoll research was commissioned to support the launch of Zeco Energy Manager, energy management software.
The Energy Advice Line is one of the UK’s leading business electricity price comparison and switching service
exclusively for business. It has campaigned for utility companies to
change their business energy contracts and billing arrangements to make
it easier for firms to switch suppliers to get the best business
electricity rates and gas deals.
For further information visit www.energyadviceline.org.uk