30% of businesses switch electricity provider in attempt to reduce costs

ONE-in-three businesses switched electricity supplier in the final quarter of 2010 as businesses fight to reduce costs, according to research undertaken by Perceptive Insight and Oxford Economics on behalf of InterTradeIreland.

The research indicates 69% of businesses have seen a rise in energy costs, with 59% experiencing an increase in transport costs and 57% having an increase in rates and taxes.

“Similarly, 49% have seen an increase in the cost of insurance and professional fees.