UK overpaying £1bn for power
29 August 2012
British companies are paying £1 billion too much for their energy because of poor buying decisions, according to a new report.
The research, published by energy risk management company Utilyx and investment bank Barclays Capital, shows that 74 per cent of industrial and commercial users finalised their most recent electricity and gas supplies in the three months prior to contracts coming into effect.
The research found that if they had secured their deals earlier, British companies...