Why have businesses stopped switching?

Article posted

16th Feb 2023

Read time

3-5 min read


Mollie Pinnington

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The UK has been hit with an energy crisis for the past couple of years, forcing many consumers to stay put with their current supplier. As a result, a survey found that supplier switching activity is at its lowest since 2013, with 62% fewer changes than before and only 1.3 million changes occurring in 2022. This proves that businesses are focusing more on saving money by sticking to what they have instead of buying into any new offers from another provider. With high prices and fewer incentives for switching suppliers, it's easy to understand why people are hesitating to change suppliers; however the, consuming concern should be taken when it comes to having the confidence that customers are paying the best price available.


Are prices going to rise throughout 2023?

The start of 2023 brought good news to many people as energy prices suddenly dropped significantly. This resulted in lower wholesale gas and power prices. Unfortunately, those days may be short-lived as analysts forecast that the prices will rise again soon. This is due to economic trends including higher demand for energy, production costs and geopolitical situations. That is why now is the best time to take advantage of cheap energy while it lasts.


How comparing prices could save your business money.

 As energy prices continue to rise, businesses should consider taking proactive steps like comparing prices year-round to ensure they are getting the best value for their energy supply. By shopping around for competitive energy providers, you can potentially save thousands and lower your overhead costs. Of course, it is often more convenient to stay with the same supplier all year long, but it's always worth taking a look at other options on the market. Taking the time to find an electricity or gas deal that fits your needs could provide substantial savings and help power your business into greater success.


How Resolve Energy can help your business save money

At Resolve Energy, you can trust all of your business's energy needs to be taken care of by experts. Our team is acquainted with the UK's most competitive energy suppliers to help bring you the best and most affordable prices available. We understand how important it is to reduce costs wherever possible, so our knowledgeable staff are on hand to ease this process for you. With our expertise comes fantastic savings for your business that we guarantee you will not find anywhere else. Let us do the work for you in bringing you the best rates, allowing you more time to focus on running and growing your business!

If you're looking to save money on your energy bills then why not get in touch today? The relationships Resolve Energy has developed with over 24 of the UK’s biggest business energy suppliers allows our energy experts to source the best business energy rates available for your company right when you need them. Request a free quote today and start saving money on your energy.

Looking to pay less on your energy bills?

Get a free quote today