Almost one-in-five business owners in the UK don’t know who their current energy supplier is.
That’s according to a new report by Yü Energy, which suggests businesses could be overpaying on their electricity bill by as much as 44% and their gas by up to 65%.
The findings of the survey of 500 business owners also show more than a quarter are unaware of what energy tariff they are on or when their current contract is up for renewal.
Nearly 40% of business owners also admit the last time they changed energy provider was three years ago.
Simon Smith, Director Sales and Marketing at Yü Energy, said: “As businesses head into one of the toughest winters they have been faced with, implementing energy cost-saving factors such as switching unused devices off, installing smart meters and switching energy providers could be the simplest solutions to reducing hefty winter energy bills.”