money-saving

Small Firms Are Overlooking Money-Saving Energy Deals

Small businesses are failing to shop around for the best energy deals, despite a rise in prices, according to Electricity4Business. An Electricity4Business survey of 1,000 small firms found that energy bills are now the second biggest cost to small firms, behind staff wages, but ahead of rent. The survey also highlighted that one-fifth of small firms spend more than ten per cent of their annual turnover on energy bills. However, only one-fifth of small-business owners knew when their contract with their energy supplier was due for renewal, and more than half do not read the small print of the terms and conditions. “In the face of economic downturn, it is small firms that are under the most pressure to remain profitable, and controlling business costs such as electricity bills is an i... »