With the COVID-19 pandemic and the energy price rise to contend with, the prospect of hidden commission could be the final straw for manufacturing businesses
Manufacturing businesses have, like all industries, felt the impact of the COVID-19 pandemic over the past two years. Through periods of forced closure, financial uncertainty, supply chain issues, and staff absences through illness to contend with, manufacturers have been fighting simply to stay afloat.
This was only exacerbated last year with rising concerns about energy prices. Price rises were joined by gas shortages and supplier administrations to create a hugely unreliable landscape, one which is only being aggravated further by the threat of hidden business energy commission.
This worrying phenomenon is forcing manufacturing businesses to pay more than they should for their gas and electricity. But help is at hand for victims.
How could hidden business energy commission be hurting manufacturers?
Manufacturing businesses across the UK are on their knees due to COVID-19 and rising energy prices, and sadly many energy brokers are utilizing the chaos of the current climate to let hidden commission fly under the radar. Energy contracts are being sold to businesses under the guise of being the best available deal, while actually including extra costs that organizations aren’t aware of.
Because business energy contracts are less heavily regulated than their domestic counterparts, unethical brokers are able to take fees from suppliers in exchange for recommending them to clients without consequence. This commission is hidden within the actual energy costs, and the details often remain undisclosed within the contract.
In other words: many manufacturing businesses across the UK have been paying too much for their energy.
Of course, the manufacturing sector isn’t the only one to suffer at the hands of unscrupulous brokers. Claims management firm Winn Solicitors is among the many businesses to have discovered inflated energy bills. CEO of Winn Group, Jeff Winn, explains how this experience cemented the company’s dedication to helping organizations across all industries recoup their losses.
Winn says: “Like many businesses we believed that the energy brokers we worked with had our best interests in mind when negotiating contracts on our behalf. We believed we were being sold the most competitive contracts.
“However, the truth is that hidden within our contracts were inflated commissions and pricing that was not genuinely based on the wholesale rate of gas and electric.”
Winn continues: “As a result of our experience we are now committed to raising awareness and helping businesses understand that, if they have been mis-sold an energy contract, we can help them to recover compensation after being mis-sold a business energy contract.”
Help is at hand for manufacturers
Winn Solicitors are providing manufacturing companies support on a no-win, no-fee basis in the face of mis-sold energy contracts. This successfully removes any fear about the prospect of legal costs if you fail to recoup your losses, making seeking justice is more accessible than ever for manufacturing organizations across the country. This is welcome at a time when charities, businesses, and public bodies are spending £25 billion on their energy every year, according to energy regulator Ofgem.
Winnsare is committed to helping organisations win back between 10 and 20% of their energy spending, where unethical behavior is identified. Winns’ own mis-sold energy contract claim is expected to see them recoup 20% of the business’s annual energy costs.
Has your business fallen victim to a hidden business energy commission? Find out more about how Winn Solicitors can help your businesshere.