British businesses 'must adapt energy purchasing strategies to remain competitive'

03/03/2010

Small firms need to adapt their business energy purchasing strategies to remain competitive, according to one of the UK's largest suppliers of independently generated electricity.

SmartestEnergy has warned that most companies are not prepared for dramatic rises in business electricity costs that have been forecast for the coming months.

Low carbon legislation including the Renewable Obligation and Feed in Tariffs, to be introduced from April, will push up the costs of electricity bills, with business customers bearing the brunt, claims the supplier.

In a conference in London tomorrow (March 4th), Jo Butlin, vice president for retail at SmartestEnergy, will warn that British businesses could be at serious risk of losing competitiveness on an international stage as prices spiral in an uncertain market.

"The costs of low carbon legislation and grid infrastructure upgrades are rapidly being translated into business costs for both private and public sector organisations," she said.

"Energy purchasing managers need to change their game and stay ahead by turning these new costs into opportunities".

Switching suppliers can reduce business energy bills by as much as 50 per cent, according to the experts at Make It Cheaper. Find out how you could get impartial, comprehensive and free information about overheads such as business electricity.

Posted by Dan Morris