Investigation finds failing to switch energy suppliers is costing us £1.4 billion!

Investigation finds lack of switching energy suppliers is costing us  £1.4 billion!Switching energy suppliers is often perceived as a laborious and lengthy task because when you go it alone, you get bombarded with lots of information that, most of the time, you couldn’t care less about!

However, you mustn’t underestimate the importance of making sure it gets done as leaving your energy contract to get out of control could be one of the most costly mistakes that you ever make for your business!

A recent Which? Investigation into the energy market has found that people and businesses still aren’t switching energy suppliers – This tragic mistake is costing us £1.4 billion collectively!

switching energy suppliersDue to this, the uncompetitive energy market is being widely described as broken, as 70% of people are paying more than they have to by sinking onto expensive standard default variable tariffs, then accepting this as a reality.

In a survey of 2,000 people, it was discovered that 86% think it is their suppliers’ responsibility to understand their usage and help them to understand their bills. As a result of these findings Which? is calling on energy suppliers to publish plans detailing how they intend on getting people and businesses on standard tariffs to start switching energy suppliers or tariffs by 31st January 2016.

Is there an easy way to switch energy suppliers?

There are companies out there that can help you when switching energy suppliers. These companies are known as Third Party Intermediaries and can compare tariff rates across several suppliers to find you the best deal – most also handle the changeover, so once you’ve chosen your contract, you have nothing further to worry about!

Exchange Utility compare a range of UK business energy suppliers. Our business energy experts can assist you in switching energy suppliers the easy way by working with you to discover what is best for your needs, at the right price.

Don’t be part of the statistic – You could save 40% on your annual energy spend with us!

All you need to do is grab a recent business gas or electricity bill and complete the online form below or call and speak to one of our friendly team on 0800 9777 000 today.

Good luck and happy saving!