From the Wires
Independent Suppliers Can Beat the Energy Price Hikes
By: PR Newswire
Nov. 16, 2012 06:42 AM
LONDON, November 16, 2012 /PRNewswire/ --
No Nonsense Cash & Credit recommends independent suppliers over the major companies
The recent surge in energy bill price hikes across the UK has led an independent financial advice site to recommend exploring independent suppliers over major energy companies. As most UK based suppliers including British Gas and Southern Electric have raised their prices by up to 10% for early 2013 most of the UK population have been quick to voice their anger and outrage over the hikes. Yet 'No Nonsense Cash & Credit' (NNCC) believes that many private households and businesses are just not considering the number of options available to them.
"The simplest way to save money on your energy is to use the options that the competition provides; namely study the tariffs of each supplier and pick the one that works best for you."
The report goes on to claim that the price rises introduced by the big energy groups are a simple economical fact. The general public, whilst not being blamed outright by NNCC, does receive short shrift from the website. NNCC contends that by remaining placid over switching energy suppliers, members of the public have only themselves to blame for the elevated prices on energy.
Yet it is the report's view on independent suppliers outside of the major groups that remains the most illuminating. Independent suppliers are often able to provide fixed costs for businesses and organisations that major suppliers cannot or are unable to offer. Heating oil and other major fuel sources are essential commodities coming into winter and the independents have a significant lead over main UK suppliers.
NNCC contends that if more and more companies and organisations sign up with independent suppliers then economics dictate that it won't be long before these independents become major competitors in the domestic markets giving the big suppliers something to worry about and consumers cause for celebration. This is not hard to imagine either when considering some of the flexible payment options that independent suppliers already offer their customers.
"Fixed pricing makes sense to us. The customer always knows what they're getting and for how much. We even fix the cost of fuel for a year so that the customer is not suddenly hit by an unexpected and unwelcome price hike."
Karolina Wawrowski, Nationwide Fuels
As suppliers like Nationwide Fuels already have a loyal and steady custom base from a wide range of businesses and organisations across the globe, they are well placed to offer viable fuel supply alternatives to an increasingly frustrated and disenfranchised public. Should they choose to do so, then the reaction from the big energy companies in the UK would open up domestic competition even further.
NNCC believes this to be a smart move citing that the control over energy bills is firmly within the grasp of the public. Switching suppliers and asking questions is key to gaining the best value on energy bills. With customer per supplier ratio in the UK working out to approximately 9.35million per energy company, NNCC predicts that if the public assert the control available to them, then this ratio will decrease and diversify rapidly.
"Utilise the competition to your advantage and do not be afraid to explore independent suppliers outside of the big five in the UK."
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