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Business Energy Claims
Business energy claims have been making headlines recently as companies have been accused of paying undisclosed commissions to brokers. This practice has raised concerns about transparency and fairness in the energy sector, and it is important for businesses to be aware of the potential risks involved in these types of deals.
You may have a claim for compensation against a mis-sold business energy deal.
Undisclosed commissions are fees that energy companies pay to brokers for selling their products to businesses. These fees are not always disclosed to the businesses that sign up for their energy supply, but are instead, often hidden in the complex pricing structure of the contract itself. As a result, the business is unaware of the commission being paid to the broker, and this can create conflicts of interest and undermine the trust that businesses have in the energy sector.
The main problem with undisclosed commissions in this regard, is that thousands of UK businesses are finding themselves faced with higher costs for their energy supply, amidst an already inflated rate. Brokers are incentivised to sell energy contracts with higher prices or longer terms in order to earn a larger commission from the supplier. These contracts are often not the best option for the business, and the involuntary added cost impacts the bottom line.
In addition to higher costs, undisclosed commissions can also lead to a lack of transparency in the energy sector. Businesses may not be aware of the broker’s interests and may not have enough information to make an informed decision about their energy contracts. This lack of transparency can harm the business, and also undermines the integrity of the energy industry as a whole.
Orion Claims have decades of experience with mis-sold financial products, and our team of energy experts can review your contracts, to ascertain whether you are in fact paying an excessive amount for your supply. Should this be the case, our knowledgeable solicitors can provide recourse to reclaim the compensation you are owed.
Streamlined Business Energy Claims Process To Progress Your Claim Hassle-Free!
Our business energy claims process is designed to be simple, quick, and hassle-free for our clients. We understand that our clients have more important things in life to focus on, so we want to make sure that the claims process is as simple as possible. Our team of experienced claims handlers is always on hand to guide our clients through the process, from submitting the claim to receiving compensation.
Clients can submit a business energy claim online or by phone, and we aim to process all claims within a reasonable timeframe. We pride ourselves on being transparent with our clients about the claims process, providing regular updates on the status of the claim, and answering any questions or concerns they may have. Our goal is to ensure that our clients are satisfied with the service they receive from start to finish, and that includes our business energy claims process.