40,000 Electricity 4 Business Customers Could Suffer from Company's Closure

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Electricity 4 Business (E4B) customers need to review their options now and agree a new fixed price energy contract at the earliest possible opportunity to avoid the potential of being put on higher out of contract rates with a default supplier nominated by the UK's gas and electricity regulator OFGEM. The Energy Advice Line has a proven track record helping thousands of small and medium sized business customers switch supplier simply and quickly.

This is a very unfortunate situation for E4B's 40,000 customers. They will not be disconnected, but the supplier of last resort process will mean that they will be transferred to a supplier nominated by OFGEM and they will almost certainly be put onto tariffs that are much higher than their current contract price.

Electricity 4 Business (E4B) was placed into administration on Wednesday 22nd October 2008.

Electricity 4 Business (E4B) customers need to review their options now and agree a new fixed price energy contract at the earliest possible opportunity to avoid the potential of being put on higher out of contract rates with a default supplier nominated by the UK's gas and electricity regulator OFGEM.

Julian Morgan, Commercial Director at the UK's leading business electricity price comparison service Energy Advice Line comments "This is a very unfortunate situation for E4B's 40,000 customers. They will not be disconnected, but the supplier of last resort process will mean that they will be transferred to a supplier nominated by OFGEM and they will almost certainly be put onto tariffs that are much higher than their current contract price."

The last resort procedure adopted by OFGEM ensures that the customer's supply is not disrupted but it does not necessarily protect their right to the most competitive price on the market.

Current E4B customers are they now free agents as their contract ends as soon as the supplier is placed into administration but they need to review their options as quickly as possible before agreeing to new fixed term contract in a market that has experienced high levels of volatility.

Compare prices before making the switch!

The Energy Advice Line has a proven track record helping thousands of small and medium sized business customers switch supplier simply and quickly.

Julian Morgan continues "The Energy Advice Line compare prices from the UK's leading business electricity suppliers and our expert advisors are available to help customers make the right choice by not just providing the best prices available but also a bite sized view the contract small print. This coupled with good impartial advice - Guaranteed - really makes a difference in unfortunate circumstances such as these."

Compare business electricity prices online now!

Please log onto http://www.energyadviceline.org.uk or call 0845 094 2516 (local rate) to compare prices and obtain free impartial advice.

The Energy Advice Line is the only impartial online gas and electricity price comparison service run by business energy experts for business energy customers, dedicated exclusively to the needs of small and medium-sized businesses in the UK. Realising that small and medium sized business electricity and gas consumers want product choice, independent impartial advice and access to a process which allows them to realise the benefits of switching supplier as quickly as possible, the Energy Advice Line has developed the first online price comparison and switching service exclusively dedicated to their needs.

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