Households face paying hundreds of pounds more on their energy bills to fund PPI-style payouts 🔴 The warning comes after theipaper revealed suppliers may be forced to pay refunds to business customers who paid “secret” commissions on their bills
In some cases, the brokers’ commission can make up around half the total energy costs of a business, adding thousands of pounds to the annual bills of millions of firms across the country every year.started to close this loophole, making it a requirement for brokers to declare their commissions to clients in “micro-businesses”, which are defined as firms with a turnover of less than £1.8m.Following the collapse of companies like Bulb, it has cost around £2.
A spokeswoman for the Utilities Intermediaries Association said: “It will not cost suppliers or their shareholders billions, or anything, because what will happen is that it will be smeared across customer accounts to cover any losses, as already happens in energy markets.It is understood that legal firms will be using accepted case law to target the energy giants for the refunds.
Mr Smith also pointed to a 1949 court case as precedent for the actions being taking on behalf of hundreds of business energy customers.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Energy firms facing threat of new payouts to customers that could make PPI 'look like peanuts'Lawyers acting for hundreds of small businesses across the UK are launching legal action against energy supply giants It could lead to millions of claims from businesses, similar to the PPI misselling scandal 🔴 Exclusive from DavidParsley50
Weiterlesen »
Full list of one-off payments for older people and households due this yearMore than 20 important dates to add to your diary to help plan your household budget over the coming months.
Weiterlesen »
Starmer vows to avoid 'mistakes' of coal mine closures in green energy shiftSir Keir Starmer has insisted that the shift to green energy will create jobs not decimate livelihoods, as he defended his plan to end new oil and gas licences.
Weiterlesen »
Energy giant SSE to pay £9.8m penalty for pricing breachThe Perth-based company is found to have overcharged the National Grid for lowering output.
Weiterlesen »
This energy-efficient coastal property on Islay is available for £347,500Situated within the picturesque conservation village of Portnahaven on Islay, this property with a Shore Street address offers accommodation on two levels
Weiterlesen »
Shell adverts banned over misleading clean energy claimsThey failed to mention Shell's more polluting activities, the advertising watchdog rules.
Weiterlesen »