Cold winter to prompt business electricity switch?

Many small to medium-sized enterprises (SMEs) in the UK may be considering a business electricity price comparison in order to cut costs, as research has highlighted the extent of problems caused by adverse weather. According to Lloyds TSB Commercial, the freezing temperatures seen in the winter had an impact on seven out of ten such firms. And for 56 per cent of SMEs a direct financial effect was felt - with more than a third stating that they lost up to £10,000 and seven per cent saying it cost more than £30,000. Cutting back by switching business electricity tariffs could help offset the problems, with just 23 per cent of companies saying they were unaffected. Head of external affairs at Lloyds TSB Commercial Stephen Pegge commented: "The combined impact of both the recession and winter will inevitably have caused cashflow problems for many businesses." E.on recently launched its Business EnergyManager, designed to help SMEs understand how electricity is being used in an organisation. Find out how you could switch suppliers and make sure you're not caught out by the small print with your commercial energy.

17th March, 2010

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