Businesses lessening energy use on account of high prices

Pricey business electric and gas costs have lead to many companies cutting back on the amount of energy they are using, according to figures from British Gas parent company Centrica.

Gas usage by businesses fell by 15% and electricity use declined by 12% from January to October of this year as opposed to same interval a year ago. Domestic customers are also lowering their energy use, with gas consumption in the home dropping by 17% and electricity by 3%. Although these results are just for British Gas customers, other energy suppliers are likely to have similar results.

As a result of people cutting back and the heat wave in the autumn, Centrica have stated that they’ll be expecting lower profit at the end of 2011 – however, they are still looking to make £2.48billion in profit in spite of many domestic and business customers fighting their bills.

With lots of companies finding that their existing business electricity prices are just too high, swapping suppliers is recommended to make sure that business owners are getting the ideal price and never spending more than necessary on vital outgoings.

In addition to employing the Big Six, there are a variety of smaller business electricity suppliers that offer a number of different tariffs. Due to this, business decision makers should make certain that they are not just staying with the basic tariff from their present energy supplier and instead allocate a period of time to discovering other choices.

Spending a little time looking around for another energy plan could help businesses reduce the amount of money that they are spending on their business gas and electricity, so it’s definitely a worthwhile use of your time regardless of how busy and hectic your timetable may be.