Countless UK businesses rely on energy brokers to negotiate their commercial energy agreements, serving as intermediaries between businesses and energy suppliers.
However, it's been observed that some of these brokers may not have fully disclosed the inclusion of hidden fees or commissions in these contracts, a practice that goes against the requirement for transparency regarding commission earnings.
Despite the legal obligation for energy brokers to reveal any commissions received, there's evidence to suggest that misleading information or the omission of financial benefits has been a common practice.
Our discussions with businesses reveal that over 90% have engaged the services of an energy broker, with the average compensation claim exceeding £25,000. In certain cases, the potential for compensation reaches into the millions.
With an estimated 2 million businesses potentially eligible for compensation, our aim is to streamline the process of making an energy compensation claim, ensuring it is straightforward and transparent.
Countless UK businesses rely on energy brokers to negotiate their commercial energy agreements, serving as intermediaries between businesses and energy suppliers.
However, it's been observed that some of these brokers may not have fully disclosed the inclusion of hidden fees or commissions in these contracts, a practice that goes against the requirement for transparency regarding commission earnings.
Despite the legal obligation for energy brokers to reveal any commissions received, there's evidence to suggest that misleading information or the omission of financial benefits has been a common practice.
Our discussions with businesses reveal that over 90% have engaged the services of an energy broker, with the average compensation claim exceeding £25,000. In certain cases, the potential for compensation reaches into the millions.
With an estimated 2 million businesses potentially eligible for compensation, our aim is to streamline the process of making an energy compensation claim, ensuring it is straightforward and transparent.
Want to know more about or get started with a claim? Fill in the form and we will get back to you as soon as possible.
An energy broker compensation claim is a formal request for financial restitution made by a business that has been charged hidden fees or commissions by an energy broker. These claims arise when brokers fail to disclose these charges fully or mislead businesses about the costs embedded in their energy contracts.
To make a claim, you should gather:
The amount of compensation varies significantly, depending on the terms of the energy contracts and the extent of undisclosed fees. On average, claims have been over £25,000, with some businesses entitled to claim millions of pounds in compensation.
Yes, there are statutory deadlines for making compensation claims, typically six years from the date the contract was signed or three years from when you first became aware of the issue. It's crucial to act promptly to ensure your claim is filed within these limitation periods.
Want to know more about or get started with a claim? Fill in the form and we will get back to you as soon as possible.