Electricity 4 Business goes into administration

Tim Wolfenden, Head of Business Services at uSwitch.com, comments on the effects of small business energy provider Electricity 4 Business going into administration: "It's very disappointing to see a small energy provider like Electricity 4 Business (E4B) going out of business as these types of companies are crucial in driving competition in the small and medium enterprise (SME) market place.

"None of E4B's 40,000 SME customers will be cut off as they will be transferred to a supplier allocated by Industry watchdog Ofgem. They have a duty of care to E4B's customers and will therefore follow standard industry practice to select an alternative energy provider.

"The onus is now on existing E4B customers to get the next best deal. We strongly advise them to shop around as it's possible that those moving to Ofgem's appointed supplier could be placed on less attractive rates. There are some extremely competitive rates available in the SME energy market place today so E4B customers, and all other SME energy customers reviewing their energy needs, should move swiftly to take advantage of them."