Bulletin

London SMEs least likely to re-negotiate energy bills despite £511m-worth of potential savings

Energy - Re negotiated energy bills - SantanderCB

SMEs in London are among the least likely to re-negotiate their energy bills, according to research from YouGov. The survey, commissioned by npower Business, found that only 23% of London-based SMEs surveyed had re-negotiated their energy bills last year. This is despite the fact that 41% of SMEs which did do so managed to save up to £10,000 over the past year. This equates to a potential £511m in savings across the SME sector as a whole. Figures elsewhere in the UK are only slightly better, with 29% of SMEs surveyed in Yorkshire and Humber renegotiating their energy bills, while 30% of those in the north-west saying they had bartered with suppliers. The survey was conducted to launch npower Business's new campaign that encourages small business owners to improve their bartering skills.

 

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