Switching business electricity supplier will save you money.
OfGem’s recent changes to business energy rules, intended to clarify and simplify the process of choosing and switching business energy suppliers, have in fact in many cases had the opposite effect.
Simply Business reported this continued confusion, and I think this is an area of real concern for small business owners, particularly in light of recent speculation that many UK firms are at increased risk of insolvency as the economy moves out of recession.
Experts in insolvency have likened this precarious time to the 1990s, when business insolvency peaked five quarters after the country exited recession.
Last week it was reported personal insolvencies were at an all-time high and Simply Business brought further grim news that increasing numbers of personal bankrupts were in fact small business owners who had turned to personal credit and the help of family and friends to bail out their businesses when other credit sources dried up.
Added confusion over business energy supplies is the last thing small businesses need right now. That’s why I’d urge businesses to utilise the services of an impartial adviser such as Energy Advice Line when renewing their business electricity and business gas contracts.
Keeping overheads low is of prime importance and here at Energy Advice Line we can offer impartial, free help on how to get the best possible deal for your business electricity and business gas.
To read the Simply Business article about energy contract confusion, click this link:
And for the story about the worrying trend for insolvency, click here:
Picture credit – CCA: Abstracts – A light switch by Redvers
http://www.flickr.com/photos/redvers/523086361/
Tags: Business Electricity, Business Energy, Business Gas
