How Switching Could Save Your Business

HOW SWITCHING COULD SAVE YOUR BUSINESS Data was collected from 500 energy professionals in a survey carried out by Populas in November, 2012 . The results highlight a number of key issues related to energy and electricity savings. Did you know? Companies are at risk of paying 61% more for their electricity due to autorenewal. Companies do not realise that switching suppliers could save them a lot of money. Supplier Switching In the third quarter of 2012, there was a 20% drop in businesses switching suppliers. Less businesses were also planning to switch. 33% of microbusinesses 41% of small businesses 58% of medium businesses Those that have switched: 43% of businesses think there is no competition in the market and no point switching. They are missing potential savings of £1.8 billion! 32% Why do they switch? of businesses are too confused and do not 24% to lower their bills know where to start changing their energy supplier 15% to lower unit rates 10% to lower standing charges 3% 9% end of their contract 8% dissatisfaction are not sure who their energy supplier actually is. 8%) to move to a fixed price contract Why don't they switch? 64% dont Too much hassle plan to Happy with the price switch in Happy with package the Locked into a contract next 12 Satisfied months 0 4 8 12 16 20 24 28 32 BUSINESSES ARE WORRIED ABOUT PRICERISES Where do they do their research? 61% do their own research before switching suppliers In two years, electricity bills have risen by 36% Use an Energy Broker 53% regularly shop around for competitive prices 70.5% Price rises of 15% would cause 8% of businesses to close! In 2012 there was a 12.8% rise in energy prices. What are they doing about it? 65% 51% 67% are making changes to their energy efficiency policies are trying to be more energy efficient with heating and conditioning now have energy efficient lighting 12% 48% 21% have installeda smart meter but 23% wouldnt have installed an have improved their building insulation energy management system consider this option 30% have gotten new energy efficient machinery. 50% of businesses would not consider this option however. ENERGY CONTRACTS 26% don't know how much they pay a month 24% don't know how much energy they use 11% don't know when their contract ends don't know how much notice to give to cancel their contract! 23% Source hitp.//www.businessjuice.co.ukenergulorecaster/business-energ barometer For more information as to how you can save electricity costs for your business, visit www.businesselectricityprices.org.uk HOW SWITCHING COULD SAVE YOUR BUSINESS Data was collected from 500 energy professionals in a survey carried out by Populas in November, 2012 . The results highlight a number of key issues related to energy and electricity savings. Did you know? Companies are at risk of paying 61% more for their electricity due to autorenewal. Companies do not realise that switching suppliers could save them a lot of money. Supplier Switching In the third quarter of 2012, there was a 20% drop in businesses switching suppliers. Less businesses were also planning to switch. 33% of microbusinesses 41% of small businesses 58% of medium businesses Those that have switched: 43% of businesses think there is no competition in the market and no point switching. They are missing potential savings of £1.8 billion! 32% Why do they switch? of businesses are too confused and do not 24% to lower their bills know where to start changing their energy supplier 15% to lower unit rates 10% to lower standing charges 3% 9% end of their contract 8% dissatisfaction are not sure who their energy supplier actually is. 8%) to move to a fixed price contract Why don't they switch? 64% dont Too much hassle plan to Happy with the price switch in Happy with package the Locked into a contract next 12 Satisfied months 0 4 8 12 16 20 24 28 32 BUSINESSES ARE WORRIED ABOUT PRICERISES Where do they do their research? 61% do their own research before switching suppliers In two years, electricity bills have risen by 36% Use an Energy Broker 53% regularly shop around for competitive prices 70.5% Price rises of 15% would cause 8% of businesses to close! In 2012 there was a 12.8% rise in energy prices. What are they doing about it? 65% 51% 67% are making changes to their energy efficiency policies are trying to be more energy efficient with heating and conditioning now have energy efficient lighting 12% 48% 21% have installeda smart meter but 23% wouldnt have installed an have improved their building insulation energy management system consider this option 30% have gotten new energy efficient machinery. 50% of businesses would not consider this option however. ENERGY CONTRACTS 26% don't know how much they pay a month 24% don't know how much energy they use 11% don't know when their contract ends don't know how much notice to give to cancel their contract! 23% Source hitp.//www.businessjuice.co.ukenergulorecaster/business-energ barometer For more information as to how you can save electricity costs for your business, visit www.businesselectricityprices.org.uk HOW SWITCHING COULD SAVE YOUR BUSINESS Data was collected from 500 energy professionals in a survey carried out by Populas in November, 2012 . The results highlight a number of key issues related to energy and electricity savings. Did you know? Companies are at risk of paying 61% more for their electricity due to autorenewal. Companies do not realise that switching suppliers could save them a lot of money. Supplier Switching In the third quarter of 2012, there was a 20% drop in businesses switching suppliers. Less businesses were also planning to switch. 33% of microbusinesses 41% of small businesses 58% of medium businesses Those that have switched: 43% of businesses think there is no competition in the market and no point switching. They are missing potential savings of £1.8 billion! 32% Why do they switch? of businesses are too confused and do not 24% to lower their bills know where to start changing their energy supplier 15% to lower unit rates 10% to lower standing charges 3% 9% end of their contract 8% dissatisfaction are not sure who their energy supplier actually is. 8%) to move to a fixed price contract Why don't they switch? 64% dont Too much hassle plan to Happy with the price switch in Happy with package the Locked into a contract next 12 Satisfied months 0 4 8 12 16 20 24 28 32 BUSINESSES ARE WORRIED ABOUT PRICERISES Where do they do their research? 61% do their own research before switching suppliers In two years, electricity bills have risen by 36% Use an Energy Broker 53% regularly shop around for competitive prices 70.5% Price rises of 15% would cause 8% of businesses to close! In 2012 there was a 12.8% rise in energy prices. What are they doing about it? 65% 51% 67% are making changes to their energy efficiency policies are trying to be more energy efficient with heating and conditioning now have energy efficient lighting 12% 48% 21% have installeda smart meter but 23% wouldnt have installed an have improved their building insulation energy management system consider this option 30% have gotten new energy efficient machinery. 50% of businesses would not consider this option however. ENERGY CONTRACTS 26% don't know how much they pay a month 24% don't know how much energy they use 11% don't know when their contract ends don't know how much notice to give to cancel their contract! 23% Source hitp.//www.businessjuice.co.ukenergulorecaster/business-energ barometer For more information as to how you can save electricity costs for your business, visit www.businesselectricityprices.org.uk