Posts Tagged ‘Business electricity price comparison’

Rising business energy costs and double-dip recession fears for SMEs

2 July 2010

Business energy consumers should expect sharp increases in business gas and electricity prices in coming months, according to a stark warning in The Daily Telegraph.

Research from energy analysts ICIS Heren, wholesale gas prices have risen sharply, and come this winter these price rises are likely to be passed on to consumers.

While business energy customers, who are on fixed deals, may be protected from price rises initially, when the time comes to renew business electricity and gas contracts, a nasty surprise could be waiting.

These increases come at a time when economic forecasters are warning the global economy may be heading for a double-dip recession.

Just as SMEs are starting to see some signs of recovery, global bond markets report a sharp slowdown in growth across the world. The prospect of deflation is becoming ever more realistic.

Keeping a close eye on overheads such as business gas and electricity has never been so important.

Energy Advice Line can keep a note of your contract renewal date so that you don’t risk missing out on getting the best deal by shopping around.

EAL can also advise you on switching business energy suppliers, and help you find the best prices.

We’d like to know your thoughts on the state of the economy and how it’s affecting your business. Are you concerned by the prospect of increased business energy prices? Leave a comment and let us know…

You can read the full story about the end of cheap deals in The Daily Telegraph.

And the full story about fears of a double-dip recession here.

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Small firms tricked into switching electricity supplier

8 June 2010

Small businesses that relocate and start-ups are being warned of dirty tricks from unscrupulous business electricity agents.

According to a recent report in the Daily Mail, many businesses are being targeted by third party agencies working for a specific business electricity or gas supplier claiming to offer impartial price comparison and independent advice. They make contact soon after businesses have moved into new premises and the businesses later discover they have been hoodwinked into switching business electricity supplier on uncompetitive prices.

Such aggressive and misleading tactics are to be frowned upon and steps should be taken against any companies found to be using such tricks as it not only misleads business electricity customers, but also tars the whole business energy industry.

You can read the full Daily Mail story here.

Independent advice on business electricity prices is a valuable service for many small and medium sized businesses when they are starting out or relocating.

Moving business premises can be a very stressful experience and business energy prices may be low down your list of priorities.

However, it is important to bear in mind that the first offer you receive from utility companies is highly unlikely to be the best deal. Businesses can end up paying 20-30% more for their gas and electricity than they should be.

“Agencies and suppliers can buy lists of relocating businesses and will then telephone to offer a new deal,” said Julian Morgan of Energy Advice Line. “This will not be the best deal.”

Using an independent and impartial business energy price comparison service such as Energy Advice Line can help you secure a better deal and thus bring down your overheads, making a real difference to your business.

With Energy Advice Line, you can get a free, impartial and no obligation quote on business energy prices in just a matter of minutes.

You can fill in all the details yourself online and see the best prices available; transparency is at the heart of Energy Advice Line’s services, and all prices are available online.

Of course, if you would rather talk to someone in person, EAL’s team are ready to talk you through the whole business energy switching process – again with no obligation and complete transparency.

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Business energy tips – beware of accepting the first offer when changing tenancy

7 May 2010
Beware of energy suppliers' first offers when you move business premises.

Beware of energy suppliers' first offers when you move business premises.

When businesses move premises, they can end up paying between 20 and 30% more for their business energy than they should be. This shock statistic is even more concerning when you bear in mind that about 30% of businesses change their tenancy every year.

Relocating your business premises is a stressful experience and there is a lot to remember, which may be why business energy price comparison is low down the list for many companies and often gets forgotten.

However, Julian Morgan from Energy Advice Line is keen to stress the importance of being aware that by accepting the first offer made by your business energy supplier, you could end up paying over the odds for your business gas and electricity.

“When your business moves premises, it’s very important that you shouldn’t accept the first offer made to you by utility companies,” he said. “Agencies and suppliers can buy lists of relocating businesses and will phone to offer a new deal – this won’t be the best deal.”

Checking business energy comparison services such as Energy Advice Line is vital. It takes just five minutes online or on the telephone and can make a huge difference to your business’s overheads.

“On average, the first offer you will receive will be 20 to 30 per cent higher than the price that Energy Advice Line can negotiate for your business,” Julian Morgan continued. “I cannot emphasise enough, never accept that first offer. A five minute search on Google, for example, on ‘business electricity price comparison’ can save you a lot of money, and is incredibly important to remember.”

Get a free, impartial business energy quote for your business right now by visiting the Energy Advice Line website.

Picture credit – CCA: Keys by Bohman

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The ‘write’ stuff for saving money on business electricity

30 April 2010

We were pleased to receive more positive feedback from one of the customers that we have helped to save money on business electricity costs. Like many of our customers, Flexpress Ltd, a printing company based in Leicester, contacted Energy Advice Line because they thought too much for their commercial electricity. Read on to learn their story…

Business name: Flexpress Ltd

Sector: Printing

Flexpress Ltd is a print company based in Leicester. Providing printing services for a range of products from vinyl banners to business cards, greetings cards to posters, along with design and copying services, Flexpress are a small business with a dedicated team of 10 staff. Committed to providing a fast, reliable and value for money service, for Flexpress keeping commercial energy costs down is very important.

The company has been in business for 20 years, during which time business electricity costs have steadily increased. So when their business electricity contract came up for renewal, Flexpress knew something had to be done.

“I found out about Energy Advice Line by searching online,” says Flexpress’s Steve Wenlock. His reason for choosing EAL was simple: “I was looking for better prices.”

Energy Advice Line’s teams are in constant contact with the top six business energy suppliers, continuously updating prices. Dedicated exclusively to the needs of small and medium sized businesses such as Flexpress, EAL operates an entirely free and transparent business electricity and business gas switching service.

There are no scary call centres, no confusing industry buzz words and no pressure is exerted upon you when you make your decision. Impartiality and choice are key to Energy Advice Line’s service.

“I found the switch process very easy, very friendly and very professional under Energy Advice Line,” quips Steve Wenlock.

And the results? They speak for themselves:

“Our electricity bill has been virtually halved,” says Steve. “That’s a saving of approximately £3,000 per year.”

Steve and the FlexPress team are very satisfied with the service that they’ve received from Energy Advice Line, and will soon be commercial gas customers too.

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Energy Advice Line takes the bite out of cheese company’s business energy costs

22 April 2010

At Energy Advice Line, we always welcome feedback and like to hear how we’ve helped our customers cut business gas and business electricity costs. So we were pleased to hear this story from CK Food Processing, a company that supplies cheese to restaurants and fast foot outlets.

Business name: CK FOOD PROCESSING LTD

Sector: FAST FOOD SUPPLIERS

CK Food Processing Ltd is a company that’s passionate about cheese, supplying high quality pizza cheeses to restaurants and pizzerias across the UK. Their core beliefs include providing value for money on all their cheese products, and a key part of this involved keeping overheads such as business electricity and business gas down.

The Hull-based company has been in business for six years, and when the time came to switch their business energy contracts, CK Food Processing’s Usman Dawood decided he wanted to shop around for competitive prices.

He found Energy Advice Line through a Google search for business energy price comparison and used the telephone service to begin the switch process.

“The switch process was pretty smooth under EAL,” Usman comments. “We haven’t worked out exactly how much we’ve saved yet, but I’d recommend EAL to other small businesses looking to switch business energy suppliers.”

CK Food Processing employs around 25 staff and like many businesses of this size, finding time to contact commercial energy suppliers and be kept on hold ad infinitum in a call centre queue is impossible.

The Energy Advice Line’s teams have fast track access to the top six business energy suppliers to enable questions to be answered quickly and efficiently.

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Wind energy reduces business electricity prices

22 April 2010
The increase in wind generated power will save business electricity costs.

The increase in wind generated power will save business electricity costs.

A new report by independent consultancy Pöyry AS into the renewable energy industry has concluded that the use of wind energy will cut business electricity prices.

The report, entitled Wind Energy and Electricity Prices, was undertaken for the European Wind Energy Association (EWEA) and for the first time collated data and case studies from Germany, Belgium and Denmark.

It concludes that studies in all three central European countries showed the increasing use of wind power for electricity generation would bring down wholesale prices. This is good news for commercial electricity customers in the UK as the construction of new wind-based electricity generation plants continues to be rolled out.

Pöyry AS’s work is a thorough assessment of the impact of wind power on business electricity prices. Wind power has marginal costs that are lower than traditional electricity generation methods, such as coal, gas or thermal plants.

In the UK, wind farm contracts have recently been awarded for building on Crown Estate territory in the Moray Forth near Aberdeen in Scotland. Scotland’s First Minister, Alex Salmond, is keen for the country to become the “Saudi Arabia of marine energy” and actively backs green technology investment – good news for both business electricity customers and the UK economy as a whole.

According to an earlier report by EWEA, he UK accounted for 44% of wind generated electricity in 2009 and this is set to increase. EWEA expects ten more offshore wind farms to be built across Europe, generating 1,000MW and equivalent to a year-on-year market growth of 75%,

This business electricity story was brought to you by Energy Advice Line, the independent business energy price comparison service.

By comparing costs for your business electricity and business gas, you can help keep your overheads down.

Energy Advice Line are an independent energy price comparison and switching service based in Bournemouth, Dorset. Visit them online or telephone free on 0800 915 1800.

Read more about the Pöyry report at Proactive Investors.

Picture credit – CCA: Off-Shore Wind Farm Turbine by phault from Flickr

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Commercial energy customers’ concern over predicted power outages in 2016

21 April 2010

The lights could go out for business electricity customers by 2016, OfGem warns

The lights could go out for business electricity customers by 2016, OfGem warns

Business energy customers could be among the first to suffer if power cuts predicted by 2016 are allowed to happen.

Industry regulator OfGem issued a stark warning to the government and domestic and commercial energy customers today that demand for gas and electricity could outstrip supply in the not too distant future. They have depicted a worst case scenario in which levels of supply could fail at peak times, particularly in the winter months.

This will set alarm bells ringing for commercial gas and electricity customers, many of whom will be on interruptible energy contracts. Interruptible contracts mean that these customers can be forced to stop using gas and electricity first should a shortage arise. Many business gas customers were affected by disruptions to supply in January 2010.

According to OfGem, there could be power cuts of up to 40 minutes for a household in 2016, further increasing to 120 minutes in 2017 if nothing is done. This comes on the same day that the Environmental Industries Commission warned that the three main political parties’ manifestoes did not go far enough in supporting green energy generation.

Business electricity prices will rise sharply if alternative energy sources are not utilised. Last week, energy supplier E.ON opened a large offshore windfarm, while several other projects have been approved for the sea off the north coast of Scotland.

With the election just weeks away, commercial electricity customers will wait with anticipation to see which party is returned to power. All are aware of the need to tackle the dual concerns of energy and climate change, as domestic and commercial energy customers continue to struggle with increasing prices.

For advice on business energy and business electricity comparison, contact Energy Advice Line.

This independent advisory service can help you find the best prices for commercial gas and electricity.

Read the full business energy blackout warning in the Daily Telegraph.

And read the New Energy Focus story.

Picture credit – CCA: Spooky Lightbulb by Dyanna from Flickr

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