Date published: 01.09.08 - not release date

Electricity 4 Business Announces Energy Trading Deal with Morgan Stanley and a Structured Finance Arrangement with KBC Bank

London, 8th January 2007

Electricity 4 Business Limited, Britain's leading independent commercial electricity supplier to smaller businesses, strikes a unique energy trading agreement with Morgan Stanley and a structured finance agreement with KBC Bank.

Electricity 4 Business whose aim is to cut the cost of soaring electricity bills for British business by offering lower electricity rates has recently signed a unique energy trading agreement with Morgan Stanley, the global investment bank. Under the agreement Morgan Stanley provide a wholesale electricity trading service which includes built-in collateral support.

At the same time a structured funding arrangement has been signed with the Belgian banking group KBC.

Electricity 4 Business Sales and Marketing Director Graham Paul said “This is great news for British businesses. These agreements will enable us to maintain our expansive customer acquisition program without financial restrictions.” Paul went on to say “Electricity wholesale prices have dropped by over 40% in the last six months and we want to pass these savings on to British businesses now – not in 4 or 6 months time as some suppliers are proposing. Businesses have had a really rough ride over the last two years due to the spiralling costs of both electricity and gas”.

Contacts:
For interviews, quotes, photos or comments contact:

Bernard Scally
MRA Public Relations
Phone: 020 8847 2538
Email: pr@electricity4business.co.uk


Notes for Editor:

Electricity 4 Business Ltd

E4B provides an alternative to the big 6 by providing cheap electricity for small and medium sized businesses spending less than £100,000 per annum on their electricity supply.

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