Protecting UK Businesses
Below we cover some questions regarding mis-sold business energy contracts. If you require further information, please do not hesitate to contact us.
FAQs
How can we help you claim Business Energy compensation?
Many companies have been a victim of hidden business energy commission mis-selling. If you are subject to secret fees from your energy broker and supplier, you may be entitled to compensation. MBC will guide you through any potential claim on o No Win/No Fee basis. so there is no risk to you. Our legal panel have experience in bringing successful claims against those who mis-sell financial products
Companies that used a broker for their business energy contract may be eligible to claim compensation. If you are one of them and believe you are paying unfair secret commission, then we can help. MBC make starting your Business Energy claim simple and have a team of experts on hand to talk you through the process. If you are one of the thousands in the UK that might have been affected by the undisclosed business energy commission scandal, submit the short application today and we will be in touch to talk you through your options.
To find out, have an initial no obligation claim audit with one of our qualified claims advisors. As a rule of thumb if you have used a broker then you may be eligible.
Not all brokers are mis-selling. However, your broker may only have declared the commissions they want you to know about, or may have done so in a misleading way.
Before we can say that, we have investigation work to do on your behalf. We don’t include an instant calculator on our website for that reason. However, an example would be calculated as below:
+15% of total annual energy spend
Multiplied by the number of years utilising mis-selling brokers
Plus significant damages
* Please note that each case is different and will be dependant on the commission size and energy usage.
It is possible that a substantial amount of money has been taken out of your business, unnecessarily, which could have been used effectively within the business.
You only need to gather a few standard documents.
- Signed copy of your LOA – Letter of Authority / contract(s) with your broker
- Signed copy of energy supply contracts, failing that, invoices
If this is problematic don’t worry we may also be able to help with this.
If this is a concern don’t worry we may be able to help with this. We can help you get it from the brokers and suppliers and much of the paperwork will be produced by them through the process.
A Letter of Authority (LOA), is the signed permission you give to a broker to act on your behalf to find your best option energy supplier(s).
A Supply Contract is the agreement signed with the company that will actually supply your gas and/or electricity. This will be the supplier(s) your broker found for you.
No. Instead Ofgem has put in place a “code of conduct”, but this is not robust enough to prevent mis-selling.
If you have signed copies of contracts and bills, we can investigate the size of your claim without their knowledge. We do not make a claim against the broker, its your energy provider which we pursue.
No. You have a supply contract in place which is legally binding.
There are of course fees involved, but as mentioned this is done on a No Win No Fee basis. These may vary according to the claim, but rest assured, fees will be declared before any commitment is made by you.
A third party intermediary (TPI) is the term for someone acting as a broker on your behalf, as used by UK Government department, Ofgem – Office of Gas and Electricity Market.