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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