A new war for customers in the business energy market is breaking out in the UK. That’s according to energy broker Business Juice, which believes Centrica’s drop in profits in its business energy supply points to an emerging battleground for customers.
The British Gas parent company announced its profits for the first half of 2012 today.
Despite an increase of 15% in operating profit to £1,447 million, British Gas saw a 3% fall in the number of businesses it supplies, down 25,000 to less than one million. Its profits fell by 27% to £93 million.
James Constant, Managing Director of Business Juice said: “It’s a war for customers and pricing is the few weapons in the armoury of energy providers. These results show the challenging conditions for British Gas resulting from the volatility of the energy market.”
He suggested businesses should regularly check prices to make the best of the market’s instability.
Mr Constant said: “It’s a clear call to action for businesses to regularly check their energy pricing to ensure that they get the best deal.”