Brand new online calculator tool exposes billions of pounds potentially owed to UK businesses
Business Energy Claims, the UK’s leading organisation in tackling energy broker mis-selling, has officially launched an innovative online claims calculator tool to help businesses quickly calculate the potential value of their claim.
The new tool is designed to make the process of understanding and pursuing a claim as simple as possible, forming part of Business Energy Claims’ pledge to support UK businesses in reclaiming money they are owed.
For over two years, the company has championed businesses of all sizes, from micro start-ups to large multi-location organisations, by challenging the unregulated commercial energy market, exposing a lack of transparency, and securing justice for clients who may have been mis-sold.
This launch follows Ofgem’s recent commitment to take action against overcharging small businesses through inflated and often hidden commissions and fees.
The move came after Ofgem reviewed a detailed report submitted by Business Energy Claims.
Callum Thompson, Managing Director at Business Energy Claims, said:
“With increasing interest across the industry from a legislative and regulatory perspective, we are delighted to see some movement towards a more transparent marketplace.
The claims calculator is something we have been working on for a while and we are delighted to see this go live, giving users the ability to assess the value of their potential claims in just a few simple steps.”
The commercial energy market is rife with unregulated brokers, uncapped margins, and hidden fees – all of which cause UK businesses to overpay by billions of pounds every year.
According to Ofgem, businesses, charities, and public bodies spend £25 billion annually on energy. A significant portion of this is made up of undisclosed fees that continue to burden organisations year after year.
Callum adds:
“With our new online calculator tool, we hope to empower our prospective clients with a clear awareness of the bad practice of a number of suppliers, brokers and consultants, enabling businesses large and small to see how much money they could potentially claim.
In rolling out this functionality, we continue to evolve the utilities sector to become more transparent and ethical, as we seek to bring regulation to the business energy market. Whether a business is currently using a broker, or has engaged with a broker in the past, we would urge everyone to use our calculator tool to see the true cost of their energy contracts; our team is ready and waiting to recover what is rightly owed.”
To see how much your business could be owed as a result of energy mis-selling, enter your details into the Claims Calculator.