High priced business electric and gas costs have lead to many organisations reducing the amount of energy they are using, in accordance with figures from British Gas parent company Centrica.
Gas consumption by businesses decreased by 15% and electricity use fell by 12% in the first ten months of 2011 compared to the same time period in 2010. Domestic customers are also lowering their energy use, with gas consumption in homes dropping by 17% and electricity by 3%. Despite the fact that these results are just for British Gas customers, other energy suppliers are likely to have comparable results.
As a result of people cutting back and the Indian summer at the end of October, Centrica have stated that they will be expecting a reduced profit at the end of 2011 – nevertheless, they are still expecting to make £2.48billion in profit regardless of many domestic and business customers struggling with their bills.
With many companies finding that their current business electricity prices are simply too high, swapping providers is advised to ensure that business owners are getting the ideal price and not spending more than they have to on essential outgoings.
As well as employing the Big Six, there are a variety of smaller business electricity suppliers that offer a variety of different tariffs. Just for this, business decision makers should make certain that they are not just staying with the basic tariff from their present energy supplier and rather devote some time to exploring other choices.
Spending a little time looking around for the next energy plan could help businesses reduce the cost that they are spending on their business gas and electricity, so it’s undoubtedly a worthwhile use of your time no matter how busy and frantic your agenda may be.
Wednesday, December 21st, 2011, 1:49 pm | 
Business, Finance | 
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