Listening to Today in Parliament last night, I couldn’t help thinking what a confusing and precarious time it is for business energy customers.
As I predicted on this blog on Monday, there was much furore yesterday as British Gas revealed a jump of 58% in profits in 2009, taking them to a record high. On Monday, OfGem reported that for all energy suppliers profit margins had risen by about £30 per domestic customer a year, and consumer focus groups instantly called for recent drops in wholesale energy prices to be passed on to customers.
For business gas customers, things are a little different as business energy contracts are run for a fixed term. In the business energy market, it’s up to the customer to be aware of when their business gas and business electricity contracts are up for renewal and to make sure they act promptly if they want to switch supplier.
This got me thinking about another story that’s been all over the media this week. Bullying has become a real buzz word in the past week, with the allegations made about the goings on behind the doors of 10 Downing Street kicking things off last Sunday, sparking a great deal of debate and discussion about bullying in the workplace. On last night’s Question Time UKIP’s Nigel Farage was accused of bullying the EU president following his bizarre outburst in the European Parliament, and it’s clear that bullying will be a political hot potato for some time to come.
Nobody likes a bully, but for many business energy customers it could feel as if they are being bullied into high energy costs by their gas and electricity supplier. With tactics like assumed renewal of contracts and short windows of opportunity to terminate contracts and change supplier, the pressure is on customers to make sure they are getting the best deals for business gas and business electricity.
Energy Advice Line can help by taking note of your business energy contract renewal dates and contacting you to make sure you are aware that your period for termination is coming up. Just complete a renewal notification form. There are pre-prepared termination notices available on EAL’s website, and we can also help you to find the best prices for business gas and business electricity, taking the stress out of the process.
There is a spark of positivity for small and medium sized businesses (SMEs) this morning, as the BBC reports that the UK’s economy grew by more than initially anticipated in the last quarter of 2009. The original growth figure of 0.1% has been revised up to 0.3%, which indicates that the recovery is truly underway.
While this is welcome news for business owners, we are far from out of the woods yet. Just yesterday the pound slid to a record low against the dollar because of fears over the strength of the UK economy.
That’s why keeping overheads such as business gas and business electricity as low as you can is vital. It remains a stressful time for small and medium businesses, but help is available. To find out how Energy Advice Line can take the pain out of switching business energy supplier, contact us today.
Read the BBC story on British Gas here:
And the story about Economic Recovery here:
Picture credit – CCA: Houses of Parliament by wwarby, from Flickr