Energy price rise 'threatens firms' survival'

Between 1 July 2019 and 31 December 2019, at least 10% of people who switched energy supplier for both gas & electricity with Uswitch saved £479 or more.

Reducing gas and electric bills may become a matter of life or death for some companies in the coming months, it has been suggested.

Darragh Cullen, managing director of KMC Engineering in Dungannon, Northern Ireland, was commenting after being informed his firm's energy bill is increasing by 39 per cent due to increased costs to suppliers.

He said that with manufacturing in Northern Ireland still in "big trouble", it is "ridiculous" that firms could face higher gas and electric costs.

"I believe some businesses may close because of this. Most businesses are operating at breakeven point or below breakeven in this sector and this is going to have a devastating effect on some of them," Mr Cullen added.

With the Irish Times reporting last week that businesses can save up to ten per cent on their bills by switching energy provider, this could be a life-saving option for many firms.

The newspaper suggested changing provider as a "genuinely easy" was of reducing expenditure during the recession.

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