media

BUSINESSES WARNED THEY MAY BE OVERPAYING THOUSANDS OF POUNDS ON UTILITIES

8 September 2017

Utility Aid, the UK's lowest cost energy broker, is advising businesses to urgently review their energy packages to see if they can save money. Utility Aid believes there are many organisations who are currently overpaying thousands of pounds for their energy, or are simply on the wrong utilities plan.

Giles Hankinson, CEO of Utility Aid, comments: "If you turn on the television, open a newspaper, or read online, it's a raft of doom and gloom everywhere. This is perhaps no more apparent than in the general economic conditions and the huge uncertainty the UK faces over what Brexit looks like and what it will mean for our pockets. But there are steps many can take right now to reduce the amount of money they pay for things, and this is the same for their energy costs".

"Just recently we managed to save one of our customers £10,000 a year, reducing their total bill by over 40%. We work with a lot of not-for-profit organisations who typically reinvest this money straight into their front-line services. For some, it's the difference between carrying on or closing down".

Utility Aid has developed a simple, three step process to help organisations understand what their options are and if they can save money. Firstly, they gather data, asking for a letter of authority (as required by Data Protection laws) that enables them to search the whole market to find the right supplier for a specific business. Secondly, they review the cost of the current energy and check that a business is on the right meter profile. Lastly, they provide a proposal for a business's energy needs and then complete all the paperwork for you.

Hankinson continues: "People often think that it's more hassle than it’s worth to change their energy supplier, which is understandable. It's fair to say that the big six energy suppliers rely on this apathy to increase their profits and given recent price hikes now, more than ever, companies should take the time to ensure they are getting the best deal possible.

Utility Aid's process takes the work away from the customer and they have a range of different strategies so as to ensure customers are on the most appropriate energy package.

A Fixed Price Strategy sees a business's total requirement purchased in one block, helping with budgeting for the duration of the contract. A Market Trigger Strategy, splits your purchasing into blocks, often meaning clients can take advantage of low prices at a specific time. A Portfolio Managed Strategy allows organisations that don’t have a large consumption to join others and buy their energy together, taking advantage of wholesale pricing. Finally, a Portfolio Managed Strategy, an approach specifically tailored for that business.

Hankinson concludes: "Our simple process and access to a number of different ways to purchase energy, ensures each and every business obtains what's right for them. It's reaping rewards for a large number of our customers and we believe there are thousands more who could benefit".

To find out more and to start the process simply visit http://www.utility-aid.co.uk

Having billing or broker problems? We can help. Click here
May we use cookies to track your activities? We take your privacy very seriously. Please see our privacy policy for details and any questions.Yes No