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SMEs urged to shop around as energy bills set to rise by 40 per cent

Online price–comparison service Make It Cheaper has urged small firms to shop around for the best gas and electricity deals, as analysts have predicted that prices are set to rise by as much as 40 per cent by the end of the year. “Good deals are available to anyone prepared to break the rolling cycle of renewal contracts by shopping around and switching supplier,” said Make It Cheaper’s managing director Jonathan Elliott. “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 important part of staying afloat,” he added. Utility Watch sales director Lance Pearson agreed that small firms are failing to shop around. “Most small firms wil... »