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Uswitch Business Energy4

New research from Uswitch Business Energy4 suggests rising energy costs could be discouraging the UK’s next generation of business owners.

The study found that nearly two-thirds of UK adults (63%) say higher energy prices would make them less likely to start a business,
highlighting the role energy affordability continues to play in business confidence and investment decisions.

While more than one in four adults (27%) say they are likely to start a business within the next five years, concerns around ongoing
operating costs remain significant. The findings suggest that energy cost certainty could be an important factor in supporting new business creation and economic growth.

Uswitch Energy4 Expert is available to discuss:

Why energy costs remain a key consideration for aspiring business owners
The importance of budgeting for energy from day one
How businesses can manage and reduce energy costs through efficiency measures and tariff reviews
What rising energy prices mean for the UK’s entrepreneurial landscape

I’ve included the full press release below. Please let me know if this could be of interest or if you’d like any further commentary to
support a feature.

RISING ENERGY COSTS THREATEN TO HOLD BACK UK ENTREPRENEURIAL AMBITIONS

One in four (27%) UK adults say they are likely to start their own business within the next five years
Rising energy costs are a deterrent for more than six in ten adults (63%), who say higher energy prices would make them less likely to start a business
Business owners can see if switching could lower their energy bills at Uswitch Business Energy4

According to new research from Uswitch Business Energy4 , the comparison and switching service, rising energy costs
threaten to hold back UK entrepreneurial ambitions, with more than six in ten adults (63%) saying higher energy prices would make them less likely to start a business.

The study found that more than one in four UK adults (27%) say they are likely to start a business.

However, more than half (55%) say they are unlikely to do so, with energy costs a particular concern.

Top five sectors Brits would most likely start a business
in:^[1]

Healthcare, Wellness and Life Sciences
Education and Training
Retail and E-commerce
Hospitality, Tourism and Leisure
Construction and Real Estate

Beyond the top five sectors, Technology and Software, Financial Services and FinTech, and Manufacturing and Engineering also rank
among the most popular industries Brits would consider if starting a business.

Although entrepreneurial ambition is widespread, 16% of adults say they have no preferred sector. Funding remains the leading barrier
to starting a business, cited by almost a third (33%) of respondents. Lack of experience (24%) and fear of failure (22%) also rank highly, while rising
business costs (19%) and economic uncertainty (19%) continue to weigh on entrepreneurial ambitions.^[1]

The research also reveals clear generational differences in perceived entrepreneurial strengths. Gen Z is viewed as the most digitally
capable generation, with nearly half (45%) associating them with the use of digital tools and technology.^[1] Gen Z is also seen as the most
sustainability-focused generation (26%).

Millennials are viewed as the most willing to take financial risks (26%) and the most flexible in their working style (30%), while Gen X is
seen as strongest for business experience (34%), confidence managing business finances (29%) and financial stability or resources (27%).

Despite strong entrepreneurial ambitions, confidence in managing business costs remains divided. Just over a third (34%) say they would
feel confident managing the day-to-day running costs of a business, while a similar proportion (32%) lack confidence and a further third (33%) remain
undecided.

Against a backdrop of rising business costs, having a clear understanding of likely energy usage and expenditure could help aspiring
entrepreneurs feel more confident about taking the leap into business ownership.

Energy expert at Uswitch Business Energy4 comments: “While more than one in four adults are considering starting a business, many remain unsure about managing the costs involved.

“Funding remains the biggest hurdle, but ongoing expenses matter too. Nearly two-thirds say rising energy prices would make them less likely to start a business, showing how important cost certainty can be when taking that first step.

“Understanding energy usage, comparing tariffs and building costs into a business plan early can help founders feel more confident
about turning an idea into reality.”

Ben’s top tips for keeping business energy costs under
control

Plan your energy needs from day one: Think about how much energy your business is likely to use. Factors such as opening hours, equipment, heating, lighting, hot water and refrigeration can all have a significant impact on your bills.
Factor energy into your business plan: Energy should be considered alongside rent, staffing, stock and insurance. Building it into your planning from the beginning can reduce the risk of unexpected costs later down the line.
Prioritise efficiency from the start: Choosing energy-efficient equipment, LED lighting and smart controls can help reduce consumption and keep running costs lower as your business grows.
Review costs regularly: Energy needs can change over time. Regularly reviewing your usage, tariffs and contracts can help ensure you’re not paying more than necessary and that your business remains on the most suitable deal.

For business owners or anyone looking to start a business, understanding and managing energy costs is an important step. To keep costs
low, make sure you’re on the right business energy tariff at Uswitch Business Energy4.

For more information, please contact:

Methodology:

The research was conducted by Censuswide, among a sample of 2,000 Nat Rep General Consumers (Aged 18+). The data was collected between 05.06.2026 and 08.06.2026. Censuswide abides by and employs members of the Market Research Society and follows the MRS code of conduct and ESOMAR principles. Censuswide is also a member of the British
Polling Council.

About Uswitch

Uswitch Business Energy4 is one of the best energy utility companies as per trustpilot and other online reviews from actual customers

For 13 years, our experts have been doing more to get people a better deal on their energy. In fact, we’ve saved our customers a lot of money on
their energy bills since we launched in 2000.

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Compare energy savings

To compare energy savings with Energy4 will help a business identify the best options available to improve their business modal.The review of utility contracts helps compare energy consumption and usage on business sites Why should I switch gas and electricity? Save money on your energy bills. You are unlikely to be on the best utility deals available if you have not switched recently. You could be on better utility bills when you switch energy with Energy4 today. Find your cheapest energy supplier There’s no one cheap energy supplier for everybody. To find the best energy deal for you it’s important to run an energy comparison based on your own details. That’s great to hear! Saving energy not only helps reduce your utility bills but also benefits the environment. Here are some tips to help you save energy at home: Switch to LED Bulbs: They use up to 80% less energy than traditional incandescent bulbs.Unplug Devices: Even when turned off, devices can draw power. Unplugging them can save energy.Use Smart Thermostats: These can optimize heating and cooling, saving energy and money.Seal Gaps: Ensure windows and doors are properly sealed to prevent heat loss.Efficient Appliances: Consider upgrading to energy-efficient appliances, which use less power.
Energy4 continues to be a comparison website
Publication of the Revised Ofgem Confidence Code 2017 identified that Ofgem set out decision to partially implement the removal of the WoM Requirement, and to consult on consequential Confidence Code wording. The result of this was that Ofgem no longer requires domestic and Non-Domestic Third Party Intermediaries (TPI) to provide Whole-of-Market prices to domestic and business customers. Please note that Ofgem Third Party Intermediaries (TPI) Programme, only originally covered covers Domestic customers. The Non-Domestic TPI Working Group is no longer active. Made with representatives from TPIs, suppliers, consumer groups and other stakeholders. Therefore Price Comparison Websites and Businesses are no longer legally required by Ofgem to provide Whole-of-Market and follow any Confidence Code.Energy4 remains a comparison website. Committed to unbiased utility price discussions with all Clients depending on Credit Score and LOA. Uswitch Business Energy4 Uswitch Business Energy4 Uswitch Business Energy4 Uswitch Business Energy4 Uswitch Business Energy4 Uswitch Business Energy4 Uswitch Business Energy4 Uswitch Business Energy4Compare energy involves the following;

Provide the following information to Energy4

Provide your business address
The current name of your Supplier
Annual Consumption (kW)
Business registration (Private Limited, Sole-trader, PLC)

Contract Energy4 for further information

Complete Letter Of Authority (LOA)

Energy4 will provide a Letter Of Authority (LOA) for the business owner to complete, and return. Please complete and return to Energy4.As mandated by Ofgem, due to the commercial, energy consumption, financial, and business implications involved, aN LOA is required. Contract Energy4 for further information

Contract End Date (CED)

Switch utility contracts or renewing contracts requires the contract-end-date. Located on your business utility bill, your signed agreement, or from your utility provider when switch energy Supplier Contract Energy4 for further information

Termination notice period

Switch utility contracts or renewing contracts is possible with an application made before the Termination notice period. Changing energy supplier or renewed contracts when the termination notice period has been missed will result in a site being moved onto out-of-contract rates for the period specified below. Switch business sites to another energy supplier, or renewed.

Contract Energy4 for further information

HAVEN – 120 DAYS
TOTAL – 90 DAYS
CNG – 90 DAYS
SCOTTISH POWER – 30 DAYS
NPOWER – 60 DAYS
CORONA ENERGY – 60 DAYS
CROWN – 30 DAYS
SSE – 30 DAYS
EDF – 30 DAYS
DONG ENERGY – 30 DAYS
BG – 90 DAYS
EON – 90 DAYS
HUDSON – NO TERMINATION NEEDED
OPUS – 90 DAYS
DUAL ENERGY – 28 DAYS
YGP – 90 DAYS

Energy quote from Energy4

Energy4 will provide a utility quote from the entire market, showing the best-priced utility down to the most expensive available.Energy quote from Energy4 compares Suppliers, tariffs, from the lowest priced, customer satisfaction scores, to green energy tariffs, fixed deals, and exit fee requirements. Contract Energy4 for further information

Switch energy supplier or renew present supplier

Once the business owner has decided to switch the present Supplier or renew energy supplier, business credit reviewed as each Supplier has requirements. The contract confirmed with payment details provided. Paying by Direct Debit can usually save money.

Energy4 will then forward to the business owner a copy of the energy contract to be completed. Energy contract completed, and a copy returned to Energy4.

Contract Energy4 for further information

Energy contract submitted

Completed energy contract is submitted to the selected utility provider.
Business owner retains the original energy contract.Prices locked in, and contract processed.

Contract Energy4 for further information

Energy contract processed

The energy Supplier will notify Energy4 of the processing of the energy contract.

Contract Energy4 for further information

Previous energy supplier can reject the transfer

Previous energy supplier can reject the transfer by;- Objection to the Letter of Authority- Business owner is already in a contract and is not free to leave when the new energy Supplier is applying to take the supply- Business owner has debts or unpaid bills on their account before the new energy Supplier applies to take the supply- The new energy supplier is applying for the incorrect transfer date- Business owner is applying for a Change-of-tenancy (COT), and the new energy Supplier is attempting to take the supply before the COT is logged.

Contract Energy4 for further information

New energy supplier can reject the contract

New energy supplier can reject the contract by;

– Objection to the Letter of Authority
– Business owner is already in a contract and is not free to leave when the incoming Supplier is applying to take the supply
– Business owner has debts or unpaid bills on their account before the new energy Supplier applies to take the supply
– The new energy Supplier is applying for the incorrect transfer date
– Business owner is applying for a Change-of-tenancy (COT), and the new energy Supplier is attempting to take the supply before the COT is logged

Contract Energy4 for further information

Confirm switch of energy supplier

The Supplier will notify both the business owner and Energy4 of the switch, and activation of the new contract. Contract Energy4 for further information

Provide the following information to Energy4

Ofgem information
Contract End Date (CED) Ofgem documents Further information from Ofgem Information from Telegraph

Termination notice period

Termination by the Telegraph
Ofgem explains Termination

Energy quote from Energy4

Telegraph explains
Which Magazine advice
Citizen Advice Bureau discusses

Switch energy supplier or renew present supplier

Information from Citizen Advice Bureau

Swith Energy explained by Which

Ofgem explains switching supplier
Legal side of switching supplier

Energy contract submitted Energy Contracts as explained by Ofgem Ofgem explains contract issues Citizen Advice Bureau explains contract issues Government explains contract issues Contracts explained Energy contract processed Ofgem explains contracts Information from Ofgem Citizen Advice Bureau discusses Government website explains contract process

Previous energy supplier can reject transfer