Every single penny saved on energy is worthwhile

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By AdFeatures | Tuesday, October 23, 2012, 14:34

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When any business or household worries about paying more for their gas and electricity supply, what do they do? Do they take it on the chin and cut their cloth accordingly in order to finance the extra spending on energy? Do they consider looking at reducing the amount they spend on energy by cutting out waste, or should they investigate other options available to them? If it’s impossible to use less energy or accommodate increasing energy prices, there could be another way.

Businesses and households who use prepayment meters for their gas and electricity were prohibited from switching energy suppliers because there was a debt limit on their energy bills of £200. However, intervention from energy regulator Ofcom has meant that the maximum amount of debt an energy customer using a prepayment meter can have is at a more reasonable £500. This is great news for anyone who believes that, by switching from one energy supplier to another, they can save money on their bills.

Consumers will want to do their level best to get a great deal on everything they buy, including gas and electricity. Until now, the opportunities for businesses and households to shop around for a better deal on their energy costs were at best limited, but the news from Ofgem shows that now, especially when some companies are announcing hefty price rises.

This news was welcomed with open arms by consumer groups and money saving advisers such as Make It Cheaper, who explained why companies switch energy suppliers:

“Research we conducted with our business customers showed that there was some level of dissatisfaction with their current energy suppliers, especially those with the ‘big six’ companies. Those who managed to switch were able to get better, cheaper deals, improved customer service and weren’t charged irregularly, something which many people complained about when they came to us for our advice.”

Cheap energy may be a thing of the past, but any savings that may have seemed impossible to make in the past can now be made if your business has a prepayment meter and has a small but noticeable debt. Switching to another supplier could be just the thing any business struggling to meet the cost of energy needs if they want to improve their finances at a time when money is hard to come by. Every single penny saved on energy is worthwhile, as it will make day-to-day operations a little more comfortable.

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