THE Federation of Small Businesses is launching a new service to help its members reduce their gas and electricity bills.
Members using the service could cut approximately a quarter (23 per cent) off their annual energy bill1, says the group.
FSB’s new Energy service (www.fsbenergy.org.uk) is part of a concerted drive by FSB to help smaller businesses reduce their energy costs. The organisation is also representing the interests of smaller businesses by responding to the Competition & Markets Authority’s (CMA) investigation into the energy market and creating a resource hub on its new website offering advice on energy efficiency measures.
The new service enables FSB members to obtain advice on competitive rates for their utilities, identify the annual saving achievable by switching tariffs and even have new contracts arranged for them if requested.
It is born out of research suggesting that smaller businesses are being failed by the energy market, with 70 per cent of these businesses2 experiencing difficulty comparing energy tariffs and 43 per cent saying they have never switched supplier.
The new service will be run on behalf of FSB by business cost saving champion Make it Cheaper. It could generate annual average savings of 23 per cent for new customers switching their gas and electricity provider, equivalent to £973 off the £4,243 average annual energy bill of an FSB member1.
Dave Stallon, Operations Director at FSB, said: “Energy is an increasingly important issue for smaller businesses.
“There are many ways they can make substantial savings through the implementation of energy efficiency measures as well as ensuring they get the best tariff they can on their gas and electricity.
“Many smaller businesses, however, either don’t believe they can make substantial savings or haven’t trusted the market and the system enough to engage in the process.
“Our new service is designed to give smaller business owners easy to use advice they can trust, to enable them to make savings with the minimum of fuss.”