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Business Energy Mis-selling ("BEM") - Energy Contracts Sold Inaccurately
Your Company could be owed money as a result of mis-sold Energy Bills.
Tens of thousands of pounds in compensation could be due to millions of businesses.
What does energy misselling entail?
When the broker omitted to disclose the fee for setting up the contract, this is the most frequent kind of energy misselling. If your broker isn't being honest, a sizable portion of your cost probably goes toward the broker's compensation. This is often included in the unit price and is frequently referred to as a "service fee" or "introducer fee."
You shouldn't be paying for a contract when the broker has financial interests when promoting a deal because a broker should be acting in the best interests of their customer. You might not be aware of the additional cost of your contract because any commission or fee is paid directly to the broker from the provider.Energy brokers act as a link between your company and the energy supplier, and many businesses in the UK regularly use them to manage their commercial energy requirements.
It is not uncommon for these energy brokers to have included hidden costs in your energy contracts without your knowledge.
Although it is required by law for energy brokers to disclose any earned commissions, there have been several examples of false statements or hidden financial advantages over time.
There are more than 2 million enterprises that may be eligible to make a claim for compensation. Our goal is to make the energy claim process as simple as possible for you.
How can energy brokers deceive their clients?
Has your energy broker given you a thorough accounting of all the money they made from facilitating your business contract? According to what we know, the majority doesn't, and usually, there's a good cause for such a habit. Brokers are aware that total transparency may significantly reduce the commissions they currently receive. After all, would you sign a contract if you knew that your broker's commission would be paid in large part from your bill?
It's possible that you were given the impression that the service was free, or that the supplier paid the broker's commission as a "referral fee" or some such phrase. Brokers typically earn their fee straight from the supplier they've put you with, and they take this into account when negotiating the unit price on your behalf. Unfortunately, the client is frequently not made aware of such details.
Kingsnorth Solicitors can assist you in recovering illegal commission payments.
Legal action is taken by Kingsnorth Solicitors on behalf of businesses against energy suppliers.
It aims to stop energy suppliers from paying brokers illegal, covert commissions.
The objective is to collect sizable sums of money from firms that entered into gas and electricity contracts through brokers.
A third-party litigation funder will cover claimants' legal expenses; insurance will be in place to cover defendants' legal expenses should the claim be unsuccessful. In other words, claimants won't be responsible for paying any prospective "adverse costs".
Therefore, there is no financial risk and no upfront expense associated with bringing a claim and using Kingsnorth Solicitors to represent you in court; the funder will only withhold a portion of your legal recovery if your case is successful.
The vast majority of legal recoveries will go to claimant businesses.
Depending on energy consumption, claims might be valued tens of thousands to hundreds of thousands of pounds.
Please fill out the registration form below right away to express your interest without being obligated. You only need to give the bare minimum of paperwork, such as your energy bill(s) and contracts, to enable Kingsnorth Solicitors to examine your energy consumption and potential claim.
Before success, there is no fee. The claimant companies of Kingsnorth Solicitors do not pay anything unless the case is decided in their favor.
The money that will cover all of the claimants' legal costs and fees is arranged by Kingsnorth Solicitors. Additionally, we completely eliminate risk by setting up insurance, indemnities, and other forms of security to completely cover and eliminate the possibility of "adverse costs" should the claims be unsuccessful.
Therefore, there is no financial risk and no upfront cost associated with taking action to collect what may be substantial sums of money.
Registering your interest is completely voluntary and only takes a minute using the form below.
Please reach us using the above form if you cannot find an answer to your question.
The first thing to do is to look through your old emails or messages to see if you can locate any communication with the energy broker or intermediary. If you are unsure or are unable to locate any communications, you can call your energy supplier and request the details from them.
According to Ofgem, energy brokers are defined as “organizations or individuals that provide advice related to energy and assist with energy procurement and management.” Energy brokers can have various forms such as energy consultants, third party intermediaries and/or price comparison websites.
If the energy broker or third party intermediary failed to disclose their commission to you in writing of how much they earned from your contract prior to you taking out your contract then initially this is a red flag that you have been mis-sold.
Yes. Even if your broker or intermediary saved you money and you were not informed of their commission, you can still claim.
This very much depends on a case-by-case basis and the consumption of energy for your business. We can assess your documents and provide you with initial details of how much your case is potentially worth.
You will need to provide a copy of your contract(s) and bill(s) for each contract you wish to claim against. Once we have assessed your documents and believe you may have a potential claim, you will need to provide a copy of your proof of ID and proof of address for a Director of your company.
It is possible that you have overpaid for your energy supply because of the hidden/secret commissions that the energy broker failed to disclose to you. Had they disclosed their commissions we believe you may not have entered into the contract at the price as stated by your broker and instead opted for a cheaper option.
Once we are in receipt of your contract(s) and bill(s) we shall review the details and ask you for any other information we may require. If your claim meets the requirements we shall obtain expert evidence and start collecting more evidence to build a strong case against your energy supplier.
Energy suppliers are required by law to keep a copy of the recorded phone call for 6 years in which you discussed your energy contract. You may contact your supplier and request this phone call and use it as evidence in your claim.
We aim to settle all disputes via compensation prior to litigation being commenced. However, this is not always possible and we may need to issue court proceedings against the energy supplier(s). Throughout this phase, your legal team will be supporting you.
Kingsnorth Solicitors is the trading name of Kingsnorth Solicitors Limited. A list of the Directors of the Company is available for inspection at the registered office, 3 Kingsnorth Close, Bolton, BL1 3SF. Kingsnorth Solicitors Ltd, Registered in England & Wales Number 10640596. Authorised and regulated by the Solicitors Regulation Authority - SRA Number 637258.
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