With recent rises in business energy prices, and government help for businesses soon coming to an end, a Newcastle-based energy claims expert is issuing advice for businesses to help them understand their energy bills.
Energy and legal experts, Business Energy Claims, is offering handy tips to help businesses to understand how their energy is measured and therefore how it is charged.
How is energy usage measured?
Most of us simply take energy for granted and take our bills at face value, without the knowledge and understanding to know whether we are being charged correctly.
This is especially true amongst small businesses, where business energy suppliers are often charging too much, but because of restrictive contracts and a lack of shopping around, suppliers are most often left in the clear.
With inflexible deals, substantial early termination fees, and the difficulties of switching suppliers, it becomes even more important for businesses to understand their energy contracts and how they are being charged for their energy usage.
Units of energy are measured as kWh, or kilowatt-hours, and are typically used to measure how much energy a business consumes over a length of time.
A kWh is the standard unit used by energy suppliers to calculate your gas and electricity bills – combined with the added daily standing charge which covers the costs of supplying energy.
There is no standard price for energy per kWh in the UK, which means costs could vary significantly from supplier to supplier – Business Energy Claims are urging businesses to hold their suppliers to account and continue to challenge any aspect of their energy contract that does not sit right with them.
Have you been mis-sold your energy contract?
The Newcastle-based energy litigation specialists are highlighting the ways in which businesses can potentially offset rising costs, following the emergence of an energy scandal involving rogue brokers.
Business Energy Claims is highlighting the need for businesses to question the way in which their energy contracts were sold and handled, with an estimated 2 million UK businesses potentially entitled to compensation for energy mis-selling.
Head of Claims, Hannah Stewart, said: “Energy brokers have a duty to explain to businesses how they will be paid for securing their energy contracts, whether it be for gas, electricity or both.
“If you have used an energy broker and cannot recollect your energy broker telling you how they will be paid for their services, then you may have a claim for energy mis-selling.
“We urge any business owner who has used an energy broker in the last six years to contact us to discuss their experience, as you never know how much money you may be able to reclaim.”
Business Energy Claims has a team of energy and legal experts helping businesses to recover hidden commissions and losses from the mis-selling of energy contracts.
If you believe you’ve been mis-sold your energy contract and think you’re entitled to compensation, call 0800 689 4259 or get in touch.