electricity4business customers have choices to make as the electricity supplier goes into administration

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In the current economic climate it unfortunately comes as no surprise that a number of businesses are struggling, especially in the energy industry where prices have been in turmoil for most of the last couple of years. A casualty of this volatile market is electricity4business, the business electricity supplier, who have just announced they have gone into administration.

Ofgem, the gas and electricity regulator, has stepped in to make sure that there is a continuity of supply for e4b customers and has moved all the customers onto British Gas, this however has been done at British Gas default rates, which means businesses will be paying far from the best available rates.

Businesses who find themselves on default rates, are not on a binding contract, but they should research their options quickly in order to ensure they are getting best value for money, and set in motion, the wheels to arrange a new contract.

If businesses act soon they could save between 16% and 20% on their electricity bills by arranging a new fixed price contract. This is a considerable saving for any business currently trying to contain costs.

e4b electricity clients on emergency supplies will be paying default prices (which are higher) until the changeover date for their contract. If businesses act now and speak to a power broker there is the possibility of securing a good contract price for their power.

The good news is that there are lots of supplier options for businesses. Whilst the energy suppliers are all busy, there are still good prices to be had as many of them are happy to take on new customers.

Speaking to an expert power broker is a good investment of time for these businesses as a power broker can help negotiate the maze of options out there and secure the best prices for your energy. Locally, the independent power broker, pinkbusinesselectricity, based in Shipston-on-Stour in Warwickshire has been helping secure good prices for all types of businesses from schools to dry cleaners, hotels to manufacturers. They offer impartial, straight forward and honest advice about the best energy rates available to businesses in the market in both gas and electricity.

An astonishing 97% of companies that send their bills to pinkbusinesselectricity renew through them because they provide a good service and source the best prices in the market place with no charges for their clients. Their market expertise enables them to tender your business to the best suppliers and to secure hugely competitive gas and electricity contracts across all sectors, and they relish their job! So the good news for businesses is that there are opportunities to tackle spiralling costs, without having to expend huge efforts, you just need to know where to go.

Managing Director of pinkbusinesselectricity, James Pink says “Accepting price increases and contracts foisted on businesses by energy providers is now optional, you just need a good broker to negotiate the best available prices. Just get in touch with us and we will help find the right supplier for you.”

For more information: contact James Pink at pinkbusinesselectricity on 0800 800 7222, fax your electricity bill to 0845 450 0079, or ask for a quote.