For business energy, hidden commissions occur when an agent, introducer, or TPI sells you an energy contract from an energy supplier. If the agent or TPI received a fee or commission for bringing you to the energy supplier, and neither the agent or supplier has informed you of this, that is a hidden, secret, or undisclosed commission.
Below is a demonstration of the process:
You ➔ Introducer/TPI ➔ Hidden £££s ➔ Energy Supplier
It is not sufficient for the energy supplier to inform you a commission “may be payable”. A general statement that “a commission may be paid in certain circumstances” is not adequate enough.
They must inform you at the point of sale how must the commission is, and if the commission is paid each month. If they fail to do so it is a form of fraud. Both the supplier and the broker/TPI may be liable for potential claims.
How can My Business Claims help?
If you have been a victim of hidden business energy commission mis-selling and have been subject to secret fees from your energy broker and supplier, you may be entitled to claim compensation. My Business Claims can guide you through any potential claim, and we work on a No Win, No Fee basis.
Our legal team come from a financial services and compliance background. We have experience of bringing successful claims against those who mis-sell financial products. We are regulated and authorised by the Solicitors Regulation Authority.
If you would like to speak to one of our Business Energy Claim Consultants, you can do so by calling us, or by completing our online form.