The Hidden Truth About Mis-Sold Energy Contracts
How Businesses Are Now Reclaiming Thousands From Their Energy Brokers & Energy Providers.
The Shocking Revelation
In a shocking revelation, it has come to light that numerous UK businesses who have used an energy broker may have been mis-sold on their energy contracts. As a result of that, businesses have been paying thousands in hidden commissions, which has led to an increase in their energy costs. But there’s good news… Thanks to an inquiry by OFGEM, there’s now a way for businesses to fight back and recover their losses.
Click here to find out if your business is eligible for compensation
Energy brokers sneaking in hidden commissions
Many businesses have been duped over the years by energy brokers who have been sneaking in hidden commissions without notifying the business or company.
These hidden fees have left businesses feeling betrayed by their trusted brokers, who on the surface were only trying to help them get a better deal on their energy. But in actual fact there was something a little more sinister at play.
The truth is that this is how energy brokers make their money. But just how much of an impact have these hidden commissions really made?
With businesses experiencing a 424% rise in gas and 349% increase in electricity since February 2021. This huge and unprecedented increase in energy costs has swept the rug from under the feet of business owners who have had to make tough decisions on the future of their business.
Some had to increase their prices which potentially lost them customers, others had to make cutbacks resulting in people losing their jobs…
And what’s worse is that some businesses were forced to close because it became too unsustainable for them to carry on. For example there’s been instances where bills have skyrocketed from £22,000 to £80,000 per year.
And if that wasn’t bad enough… Energy brokers who have been adding these hidden commissions aren’t affected by these sudden increases, in fact they’re still quids in because businesses and companies don’t have a cap on their energy bills unlike domestic customers.
So What Are Businesses Doing To Fight Back and How Are They Being Compensated?
Fortunately, businesses who have been mis-sold now have a voice and can now claim back every penny, plus interest, on the commissions they’ve been paying for the duration of their contract.
Understanding the importance of addressing mis-sold energy contracts is essential for businesses looking to protect their bottom line and start to save money on their energy contracts. By taking action now, you can potentially save thousands and ensure that your business is only paying for the energy it needs.
Discovering if your business Has Been Affected by Mis-sold Energy Contracts
In just 90 seconds or less, we can deliver a detailed report by text and email which will determine if your business has been affected by mis-selling. This super simple process allows business owners to establish whether they have a claim without having to speak to someone on the phone.
By clicking the link below and answering a few questions, you can receive this report and uncover potential compensation for your business based on size and usage.
With the recent OFGEM’s inquiry, it’s uncovered the underbelly of this huge mis-selling scandal in the energy market now is the time to act. So don’t let your business continue to suffer from hidden fees and overpriced energy.
What To Do Next?
Find out if your business is eligible to reclaim thousands in hidden commissions.
It’s important to note that before submitting a mis-sold energy claim, you must have the relevant paperwork. Here’s what you’ll be asked to provide:
1. A letter of authority from your energy broker
2. Copies of your energy contract
3. Any recent bills that show energy usage
It’s very important that you have these documents in order to be successful with your claim.
If you don’t have the paperwork, you can always reach out to your energy broker or provider and ask for it. They are at liberty to provide it. If you experience any resistance you can then escalate it to the energy ombudsman.
We hope that you found this useful. If you did, then we’d love to hear your feedback below. But before you go off and start writing a glowing review. We have some FAQ’s to help you better understand your situation and what you can do to fight back against this unethical practice of mis-selling.
Discover If Your Business Is Eligible For Compensation
Click the link below and find out in 90seconds or less
FAQ
Most frequent questions and answers
A mis-sold energy contract occurs when a customer is given inaccurate, misleading, or incomplete information about their energy contract, leading them to sign up for an unsuitable plan or one that costs more than expected.
Common signs of a mis-sold energy contract include high-pressure sales tactics, misleading information about tariffs and contract terms, switching suppliers without consent, and hidden fees or charges that were not disclosed during the sales process.
If you suspect that you’ve been misled or not given complete information when signing up for an energy contract, review your contract details, billing statements, and any related correspondence. Look for discrepancies in pricing, terms, or undisclosed fees.
First, contact your energy supplier to discuss your concerns and ask for all relevant paperwork which includes a Letter of Authority, Copies of your contract and any recent bills to show usage. If you’re unsatisfied with their response, you can then escalate the issue to the Energy Ombudsman, an independent body that investigates complaints related to the energy market.
In some cases, you may be entitled to compensation if you have been a victim of a mis-sold energy contract. We can help you determine if you’re eligible and guide you through the process.
To protect yourself from mis-sold energy contracts, take the time to research and compare different energy tariffs, read the terms and conditions carefully, and seek advice from trusted sources like the Citizens Advice Bureau if you’re unsure about any aspect of your contract. Be cautious of high-pressure sales tactics and always ask for clarifications on pricing and contract terms preferably through email.
Regulatory bodies like Ofgem have implemented measures to prevent mis-selling, including the introduction of clearer rules for energy suppliers, enforcement actions against suppliers in breach of these rules, and encouraging consumers to report instances of mis-selling.
If you believe you have been a victim of a mis-sold energy contract, you can report it to your energy supplier and escalate the issue to the Energy Ombudsman if necessary. You can also reach out to a law firm who would take a look and see if you’re eligible.