The UK Retail Landscape
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With the UK set to leave the EU at the end of March, Manchester-based business energy switching company Switch My Business is urging UK businesses to take immediate action to find a better energy deal and to secure your energy prices to avoid post-Brexit volatility.
With only weeks to go until the UK officially leaves the EU, there is mounting evidence that energy prices will become increasingly volatile and are likely to rise significantly post-Brexit.
The UK is dependent on energy imports from the EU. Over 40% of our gas supply comes from European pipelines, while 5%-6% of our electricity comes from France, Holland and Ireland, leaving us vulnerable to increased pricing post-Brexit. Last month a House of Lords committee warned that trading outside of the EU’s internal energy market would be less efficient than trading inside it, with the result that businesses and households could be forced to pay more.
Regardless of whether the UK leaves with a deal or not, there are mounting concerns that energy prices will increase following the March 29, 2019 deadline.
Commenting, Stephen Henry, Chief Operating Officer at Switch My Business stated: “Whatever the final deal the UK manages to obtain to leave the EU, the end result is that we are likely to be peripheral to EU energy markets, which is likely to lead to higher prices and more unreliable supply.”
“Brexit is clearly a cause of concern for many businesses; we have seen a marked increase in customers switching energy suppliers to find a better deal and also an increased desire to secure prices, typically with three-year contracts”
While there is still a great deal of uncertainty surrounding Brexit, for most businesses, there is a simple way to ensure that you save money and protect against future rising costs. Switching energy supplier saves the average business £1,270 but finding the best deal can be complicated and time-consuming. With more than 15% difference between the top 20 electricity deals and almost 50% difference between the top 20 gas prices for the average UK business, companies need to work with a trusted partner to help them secure the right deal.
Switch My Business is the UK’s most trusted energy broker on Trustpilot with a score of 9.8/10 from over 1,500 reviews and have saved customers more than £55m with more than 43,000 meters successfully switched.
Great Service from Cheryl
"Great Service from Cheryl Returning for a second time as always very efficient and always does what she says she is going to do. Many Thanks"This review was posted by Kerrie Yates on the 06th of August 2020
Cheryl made the process so easy and…
"Cheryl made the process so easy and fun! Thanks!"This review was posted by Betsy Cook Speer on the 06th of August 2020
Excellent service from Cheryl she comes…
"Excellent service from Cheryl she comes highly recommended"This review was posted by ron bates on the 03rd of August 2020
New Energy Supplier
"Today I needed guidance and help with getting an energy supplier for our new business unit. Cheryl was extremely knowledgeable and so very helpful. She got me sorted quickly and efficiently. I highly recommend switch my business which is why I give 5 stars."This review was posted by Daniel Fry on the 03rd of August 2020
Cheryl was excellent the service was of…
"Cheryl was excellent the service was of the highest quality the price was good and she managed to help me sort out my previous broker"This review was posted by Mr Hatch on the 01st of August 2020