Is cheap business energy more important than ever?

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.

Sourcing the best business energy deals may be more important than ever to British firms, after one expert spoke out about the lack of money in industry.

Simon Ellingworth, director of Business Smiths, says there is "very little funding about at the moment".

He points to a strong desire among his clients to raise capital through methods other than a bank loan, suggesting there is not enough cash available.

With such a tightening of the belts going on across the country, saving money on business energy bills as a result of comparing electricity prices online may be just as effective as bringing in new finance.

And reducing power costs is likely to be increasingly important over the coming months, as Mr Ellingworth suggests he "can't really see any end" to the current problems.

The recent credit conditions survey by EEF showed the supply of credit improved moderately, but only to large and medium companies.

Posted by Anne Yevel

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