Damage caused by burst pipes and business electricity disruption caused businesses major problems last year.
Failure of business electricity supply was the biggest business emergency last year, according to a report in Management Today.
Some 38 per cent of small and medium sized businesses were hit by a ‘business breakdown’ in 2009, with power failure, blocked drains, lighting failure, burst pipes and broken heating all making a significant impact.
Losing business electricity, or experiencing any of the above problems, has an impact on earnings. Of those firms affected, 16 per cent were forced to undertake temporary closure of premises, 24 per cent lost earnings, 9 per cent lost customers, and 3 per cent believe that their reputation has been damaged by enforced outages.
When there is a shortage in electricity supply, it is often business electricity customers who are first to lose out because they are on interruptable contracts. These mean prices are lower but do leave you at risk of being forced to shut off your power.
To find the best type of business energy contract for your company, it’s a good idea to contact an independent energy broker such as Energy Advice Line, who can advise you on all types of contract available and what would best suit your business needs.
Read the full story at Management Today.
Image credit – CCA: There’s a hole in my ceiling by Elsie esq
Tags: Business Electricity, Business Energy
