Business Renewals

OFGEM to tackle Rogue Energy Brokers?

Eon renewable energy

For many years businesses have feared the phone ringing with unregulated energy brokers plaguing small to medium businesses with continuous uninvited sales calls many with dubious promises and hard sell tactics designed to generate huge profits at the expense of the SME.  Despite the clear necessity to regulate this financial market OFGEM has repeatedly refused to get involved and has allowed many small businesses to suffer with rates up to double what should be expected.

The following proposals have now been provided by OFGEM that will give some protection from mis-selling and excessive profiteering by greedy energy brokers.

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Business Renewals

Economy Energy banned from taking new customers

Economy Energy

The energy regulator OFGEM has today banned Economy Energy from taking on new customers until it improves it’s levels of customer service.

The supplier who has nearly 250,000 residential customers will be forced to make improvements to billing and payment failures and smarten up on issuing customer refunds.

If none of the requirements are met then there is the possibility that OFGEM could extend the ban and ultimately revoke the company’s supply licences.

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Business Renewals

Will Brexit affect energy prices?

Brexit

The one word nobody has been able to escape from over the last two years is Brexit. Regardless of the way you may have voted it is clear that both the public and business sectors are still very much divided with emotions on both sides strong.

So how is Brexit going to affect wholesale energy prices?

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