Small and medium sized businesses (SMEs) in Luton are being invited to join together to get cheaper energy bills.
The Ready to Switch for Businesses scheme involves energy suppliers being invited to bid the lowest price to supply the energy to all firms that have signed up.
It’s about using bulk buying power to drive down unit costs and there are other energy saving schemes around that firms can sign up to, such as through Utility Warehouse. The idea is that the more businesses sign up the more negotiating power the scheme has.
Luton Borough Council and six other local authorities are in this particular scheme.
Councillor Hazel Simmons, the leader of Luton Borough Council, said: “Business success is vital for Luton so we are doing everything we can to help local SMEs prosper. This scheme is easy to join and will help business owners who don’t have the time or don’t know where to start looking for a new energy supplier.
“This is a great opportunity to get cheaper energy by simply registering your details. There is absolutely nothing to lose as there is no obligation to accept any resulting offer.”
Trevor Holden, chief executive of Luton Borough Council, said: “We know that many SMEs struggle to find the best deal for their gas and electricity because they are not as readily available as domestic ones. We also know that a lot of owners are paying up to 35 per cent more than they need to.
“The more people that sign up the better, as this will drive better deals for businesses.”
More details about the collective switching scheme can be found at www.readytoswitch.co.uk or www.luminaenergy.co.uk.
Registration is open until October 16.