Organisations could save up to 20 per cent on typical gas and electricity bills and up to 35 per cent on telecoms costs by using the UK’s first free, online cost comparison, quote and brokerage service for commercial utility prices.

The new online service is launched by the UK commercial utility procurement consultancy Utility Watch UK.

By using the free service, organisations of all sizes can make initial cost comparisons for commercial utility prices and then if required contact Utility Watch UK by email, fax or phone to generate tailored quotations, for their specific business needs, which are also free of charge.

The new service is intended to help organisations seize control over their own utility costs.

It has been designed in response to recent Utility Watch UK survey results which revealed that 9 out of 10 companies are paying too much for gas, electric and telecoms, even before the much vaunted New Year price hikes hit. SMEs and public sector organisations are likely to be amongst the biggest beneficiaries of the new service.

Lance Pearson, sales director of Utility Watch UK, says that with oil running at over $100 a barrel, quadruple its price since 2002, the tabloid media are focusing on how this affects the public.

He believes, however, that the most significant knock on effect is with businesses.

Pearson points out that telecom costs have risen, as BT has just raised line rental cost by 4.8 per cent in the last three months.

“With talk of recession around the corner, now is the time when organisations should be looking to make changes that generate real financial savings not only today but every day,” he adds.

Greg Shepherd, director and founder of Utility Watch UK, felt it was unacceptable that the few online options available to date are either too generic, charge for their services or fail to provide professional follow through if required.

“If managers of organisations are to make real hard nosed decisions on reducing utility costs to an absolute minimum then they need free and anonymous access to up to date comparative data compiled by sector specialists who are on hand, if required, to convert this information into tailored quotes ready to act upon,” he adds.

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