Rise in energy bills hit small businesses

Small businesses have been hit hard after a rise in business electricity and gas prices this year. Utility Exchange Online reports that all the Big Six energy providers have increased […]

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By Priyanka Shrestha

Small businesses have been hit hard after a rise in business electricity and gas prices this year.

Utility Exchange Online reports that all the Big Six energy providers have increased their gas and electricity charges this year and small businesses are struggling to get bank loans and have failed to compare prices.

Conway Standing, Commercial Director at Utility Exchange Online said: “Approximately 70% of micro and small businesses still fail to compare business electricity prices and gas charges and as a result they are often not on the best deals, they may even be on more expensive roll over contracts.”

The energy comparison site claim to help businesses reduce their energy bills.