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.
-Have you purchased your gas or electricity through an energy broker?
-Your company could lose tens of thousands of pounds due to hidden commissions.
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."
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".
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.
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.
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.
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.
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.