Energy firms face £2bn legal claim after allegations they paid brokers 'secret commissions'

  • 📰 i newspaper
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 89%

Australia Australia Headlines News

Australia Australia Latest News,Australia Australia Headlines

Energy companies are facing a £2bn legal claim from millions of businesses and community groups over allegations they paid “secret commissions” to energy brokers and passed on the cost to billpayers

are facing a £2bn legal claim from millions of businesses and community groups over allegations they paid “secret commissions” to energy brokers and passed on the cost to billpayers.

“They just hound you,” he said. They ring you asking when your energy contract is up, and sometimes you tell them. They may ring you 20 times. It’s not unusual to get five, six, eight calls a day. “Another £3,000 or £4,000 a month would not be sustainable. I’d have to look at getting rid of staff, closing the kitchen and doing more myself,” he said.

The law firm, which has already signed up several hundred claimants, estimates that that the average claim is currently around £20,000 per customer and that it is possible for long-term contracts for heavy energy users could claim over £1m. Research commissioned by Harcus Parker found that some energy suppliers allowed brokers to charge a commission of up to 10p per kWh, while others did not cap payments at all. The firm said it found that it was “commonplace” for these commissions to add between 1p and 3p per kWh to customers’ bills, which could total tens of thousands of pounds over the course of a typical contract.

Damon Parker, senior partner of Harcus Parker, said “every bill” paid by businesses could include an element of these “hidden commissions”.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

To register or for more information about the claim visit:

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Energy firms vow to no longer use controversial prepayment meter practiceIt comes after a recent report revealed that not all energy regulators were following the rules Now a lot of homes are on smart meters, they don’t need to forcibly enter the home, they can switch you to a pre-payment account remotely
Source: MENnewsdesk - 🏆 23. / 69 Read more »

Households given update on energy cost of living paymentsHOUSEHOLDS won’t receive any significant new help from the government when bills rise in April, Jeremy Hunt hinted today. During a visit to a London science facility, the Chancellor said ener… No just send billions to Ukraine don’t bother about people here…. Probably only be giving help to those on benefits instead of everyone It shouldn’t be needed until winter, so the money can be spent elsewhere
Source: TheSun - 🏆 64. / 61 Read more »

What Big Oil’s bumper profits mean for the energy transition\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT. We could tax their excess profits, restore our foreign aid commitments and spend more on saving people’s lives in Turkey and Syria. Not everyone is living this global crisis. Totally corrupt companies should not be making money out of people in poverty caused by these oil companies.
Source: FT - 🏆 113. / 51 Read more »

BP's Green U-Turn Shows Why the Energy Transition Is So HardOn Tuesday, oil and gas giant BP announced plans to slow its transition away from oil. The move sparked outrage from climate activists, but it shouldn’t have come as a surprise I’ll be surprised if the fluid in the can she is using isn’t oil based. With BP operations of the Deepwater Horizon oil platform reeking havoc in the Gulf of Mexico. This decision should come as no surprise in its irresponsibility to climate change.
Source: TIME - 🏆 93. / 53 Read more »

What Big Oil’s bumper profits mean for the energy transition\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Source: ftenergy - 🏆 47. / 63 Read more »