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The Entu Enviroment

UK SMEs Could Be Missing Out On Energy Bill Savings

Thursday November 20th 2014

According to business energy provider Opus Energy, time-pressured SMEs (small and medium enterprises) in the UK may be missing out on potential savings on their energy bills, even though cost of energy is the most important consideration for them when choosing an energy supplier.

A report by opus revealed that Nearly a quarter of SMEs (24%) are on out-of-contract rates, 81% of SMEs do not shop around other energy suppliers to find better deals and a further 12% have never switched providers.

The Business Boost Report also publicised that the majority of UK SMEs are trying to manage their energy better and have a positive attitude towards renewable energy.

Of the 500 SMEs surveyed by Opus Energy, 78% stated they are eager to be supplied with renewable energy – 40% of whom want it because of its smaller environmental impact and 38% to advance their green credentials.

Louise Boland, Opus Energy Director, said: “It’s clear to see there’s an opportunity to build on current successes with some simple actions, which could help them [SMEs] save on their energy bills. But, many need help and support to understand the best contract options and how technologies such as smart meters can help.

“We’d urge companies to check whether they’re being supplied on expensive out-of-contract rates, and to shop around for a great fixed rate contact. This can only be a good thing for their bottom lines and long-term business success.”