Blog - 03/07/2023
Litigation & Dispute Resolution
Claim back the secret commissions paid to your energy brokers
Secret commissions paid to brokers have been a bane of many SME transactions over the years with large suppliers from loans to energy contracts. In the supply of gas and electricity, Ofgem, the regulator, has sought to bring daylight to the practice which can lead to the doubling of energy pricing in which the secret commission is added to the rate paid by the customer who is contracting through a broker.
In cases highlighted by Ofgem the broker represents the customer in the bargain seeking the best price but the supplier secretly makes the broker a payment that can be likened to a bribe. Customers can claim back the commission and more.
In this video interview David Greene explains the principles and what you can do about it.
For further information regarding this topic, please contact David Greene.
Our video interviews are also available on all major podcast streaming platforms, including:
If you aren’t receiving our legal updates directly to your mailbox, please sign up now
Please note that this blog is provided for general information only. It is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content of this blog.
Edwin Coe LLP is a Limited Liability Partnership, registered in England & Wales (No.OC326366). The Firm is authorised and regulated by the Solicitors Regulation Authority. A list of members of the LLP is available for inspection at our registered office address: 2 Stone Buildings, Lincoln’s Inn, London, WC2A 3TH. “Partner” denotes a member of the LLP or an employee or consultant with the equivalent standing.
Please also see a copy of our terms of use here in respect of our website which apply also to all of our blogs.