About Business Energy Claims
Business Energy Claims (BEC) refer to the process by which businesses, charities, sports and social clubs and places of worship seek compensation for being overcharged or mis-sold energy contracts by suppliers or brokers. Businesses utilising an energy broker may
be eligible for compensation.
Notably, a claim can be filed against current business energy contracts, not solely older ones. This process addresses the undisclosed energy commissions scandal, which encompasses issues such as receiving incorrect rates, not being informed about commissions included in the price, entering into unfair contracts and even data breaches.
The primary goal of a Business Energy Claim is to rectify these discrepancies by securing refunds or compensation.
An investigation initiated by energy regulator OFGEM in 2020 highlighted that micro-businesses, particularly those with fewer than ten employees, were at a heightened risk of mis-sold business energy contracts. However, these irregularities are not exclusive to small businesses.
This issue has affected millions of non-domestic energy users across the UK in recent years.
The Significance of Business Energy Claims
Energy costs can substantially burden a business’s bottom line, especially in the current climate.
Between 2021 and 2022, businesses on average experienced a 63% increase in electricity bills and a 124% increase in gas prices. ​Along with this, thousands of businesses were unknowingly paying above the going rate.
​
The key advantages of Business Energy Claims include:
​
Financial Recovery: Business Energy Claims enable businesses to reclaim funds unjustly paid, improving their financial health. Many businesses are unaware that they have been overpaying, and recovering these funds can provide a significant boost.
​
Market Fairness: by holding suppliers and brokers accountable, Business Energy Claims encourages fair practices in the energy market. This helps to level the playing field and ensures that businesses receive fair treatment.
​
Awareness: these claims inform businesses about their rights and the need for transparency in energy contracts. Increased awareness leads to better decision-making and protection against future exploitation.​
How Undisclosed Business Energy Commissions Work
How do energy brokers manage to keep their commissions hidden without customers noticing? ​To understand the intricacies of this sophisticated scam, let’s break down the process into a few key steps:
​
-
Broker-Provider Relationships: energy brokers establish relationships with various energy companies, often striking deals involving exclusive agreements or preferential treatment for directing customers to these providers.​
-
Engaging with Businesses: brokers approach businesses that need their services, asking for detailed information about their energy needs and budgets. They then take on the responsibility of matching these businesses with suitable energy providers.​
-
Contract Recommendations: at this critical stage, customers trust brokers to recommend a company based on their specific preferences. However, brokers often persuade businesses to sign contracts that yield them personal financial incentives.​
-
Sealing the Deal: once the customer agrees to the recommended contract, the broker facilitates the agreement. The customer signs the contract without any knowledge of the commissions or fees the broker receives.​
-
Ongoing Payments: after the deal is finalised, the broker receives their commission payout. Meanwhile, the customer unknowingly continues to pay for these hidden fees month after month.​
​
This is how easily businesses have fallen victim to undisclosed energy commissions. Although the commission is received directly from the energy company, it is typically embedded in the price the business pays for its contract.
​
Since it doesn’t appear as an extra transaction, customers rarely notice the additional cost.
Understanding Fully-Secret and Half-Secret Commissions
Nearly 60% of hospitality businesses in the UK identified
electricity prices as their primary concern
WHY INVEST?
With a dedicated focus on Business Energy Claims (BEC), we showcase a leading opportunity in litigation funding, offering investors a distinctive avenue in this evolving sector.
​
While newly established, the depth of experience and proven success behind our platform set us apart in the field of consumer claims...
PROFESSIONAL ASSOCIATES...
.jpg)
0203 769 7394
info@addlington-westlegal.co.uk
53 Whateley’s Drive,
Business Resource Network,
Kenilworth,
Warwickshire. CV8 2GY
Follow Us On:
Disclaimer
The information on this website is intended for specific categories of investors and may not be appropriate for everyone. By accessing and using this website, you confirm that you qualify as either a high-net-worth investor, a sophisticated investor or a restricted investor. Your continued use of the site indicates your acknowledgment that you meet one of these classifications.
​
Addlington-West Legal Limited is a promotional platform working in collaboration with trusted partners to highlight opportunities in litigation funding. We do not provide legal services or advice. Legal claims and related services are managed by our authorised legal partners, including M1 Law Limited.
​
We strongly recommend thoroughly reviewing all aspects of this investment opportunity and consulting a financial advisor to ensure it aligns with your financial objectives and risk tolerance. It is essential to fully understand the associated risks before proceeding with any investment decision. If you have any questions or need further clarification, our team is available to assist you.
​
The content on this website is provided for general informational purposes only and should not be considered legal advice. While we strive to keep the information accurate and up to date, we make no guarantees, express or implied, about the accuracy, completeness, reliability or suitability of the information, products or services presented. Any reliance you place on this information is at your own risk.
​
We shall not be liable for any loss or damage, including indirect or consequential loss, arising from the use of this website or any information contained within it. Additionally, links provided to external sites are beyond the control of Addlington-West Legal Ltd., and we are not responsible for the content or availability of those external websites.
​
Investor Eligibility
Before proceeding with any investment, it is your responsibility to ensure that you meet the necessary legal and regulatory requirements for the investment, including self-certifying as an eligible investor. Failure to do so may result in access to certain areas of the site being denied or the inability to purchase investments.​ By self-certifying, you acknowledge that Addlington-West Legal Limited is not liable for verifying your investor status. Any decision to invest is made at your own risk and we encourage all investors to seek independent financial advice to ensure that our investment products align with your financial goals and risk tolerance.
​
Disclaimer and Liability
Addlington-West Legal Limited makes every effort to provide accurate and up-to-date information on investment opportunities, but we make no representations or warranties, express or implied, regarding the completeness or accuracy of the information provided. Any reliance you place on the information available through our website is at your own risk. Addlington-West Legal Limited is not liable for any loss or damage, including but not limited to financial loss, indirect or consequential damages, arising from your use of our website or your decision to invest based on the information provided. We also do not guarantee the performance of any investments or the accuracy of information provided by third parties that may be shared on our website. You are solely responsible for assessing the suitability and risks of any investment.