A new utilities price comparison site is set to offer scores of UK businesses the chance to cut down on both their financial and environmental outgoings.

The new online energy price check comes from independent financial website fairinvestment.co.uk, and uses an impartial, Energywatch accredited service provided by UKPower to gather its quotes.

To offer firms the most up-to-date and relevant service possible, the new site compares tariffs from both major national suppliers and more specialised, regional providers, as well as taking specific postcode differences into account to offer businesses of all sizes practical hints on cutting their bills.

"By entering your postcode, current energy supplier and your usage, this tool can help to make sure you get the best price for your energy consumption, and potentially save you hundreds of pounds a year," commented James Caldwell, director of Fair Investment Company.

"In an increasingly competitive market, it can be difficult for consumers to know which provider will give them the best deal on utilities but with this tool it is all there, on the screen, so you can see exactly which deal is going to be best for you."

As environmental concerns come to be seen as increasingly key in the modern workplace, the new tool is also able to reflect what environmental variance each different energy firm may offer, with Mr Caldwell adding: "If you want to limit your carbon footprint, the service can help by comparing how green each supplier is and telling you what effect switching will have from one provider to another."

A recent Connect survey found that the two major concerns about outsourcing services like IT support were 'loss of control' (56 per cent) and 'budget over-runs' (43 per cent)