SHOPPING around for the best energy deal is vital for business electricity users as supplier profits continue to rise, so says the Energy Advice Line. It's important for domestic and business energy users to get the best deal they can.
Comparing the market and switching to the best available deal is the
quickest and cheapest way for firms to take control in a volatile and
challenging energy market, the UK’s leading energy switching and advice
service for business said.
Big Six energy supplier Scottish and Southern Electricity (SSE) has just
announced a 38% leap in half-yearly earnings, a month after increasing
energy tariffs for householders by 9%.
Centrica, parent company of British Gas, announced it was set to make
profits of £1.4 billion this year on the same day the utility giant hit
customers with a 6% rise in their energy bills.
Suppliers have also come under fire following allegations that they have been involved in price rigging of the wholesale gas market.
“Customers might be fed up with the energy market right now, as
suppliers hit the headlines yet again with rising profits and
questionable practices,” EAL spokesman Mr Morgan said
“But it’s vital for firms to remember there is no benefit in being
loyal to a utility company. In this environment they need to take
control of their energy supply and energy costs by comparing the market
to get the best deals.
“It’s really the quickest and cheapest way to find the lowest business energy prices and to play energy suppliers at their own game.”
Mr Morgan said that many firms underestimated the amount of money they
could save by switching suppliers as soon as their fixed-price energy
The Energy Advice Line had helped thousands of firms substantially reduce their business electricity spend.
“Depending on the amount of business electricity a firm uses, we can
slash hundreds and sometimes thousands of pounds off its annual energy
spend by finding a better deal than the tariff offered by their existing
“Energy suppliers don’t want businesses to shop around because that’s
partly how they make such big profits – from firms who stay with them
year on year.
“We’ve helped thousands of customers to move to cheaper rates through
simple non-pressure and impartial advice about the energy market and the
suppliers that operate in the market.”
The Energy Advice Line is the UK’s leading business electricity price comparison
site and switching services for business, and enables firms to compare the
market for the best possible business energy deals at the touch of a
The service has a team of business experts who can give advice about
business energy contracts and how to avoid expensive contract rollovers.
It also offers a free contract management service to help firms
throughout the duration of their energy contracts.
For further information visit www.energyadviceline.org.uk