30% of small firms paying more for energy
Source: Energy Live News
More than 30% of small businesses have been put onto a deemed contract – i.e. when there is no agreement in place with the supplier – at the end of a fixed deal.
That leads to firms paying 80% more for their energy use as tariff rates are higher, new research claims.
A further 16.8% of businesses aren’t sure if they have been put onto such a contract while 18% of them have been “locked” in fixed-terms deals without their permission, it adds.
More than half (50.4%) of UK small and medium-sized businesses (SMEs) said they have had problems understanding their energy contracts and 25% don’t fully know how to end their current contracts.
That means as many as 1.3 million firms are losing out on better energy deals, the research claims.