Energy Brokers; Select Energy
Discussion
Anyone used these, got any feelings about them, or advice, one way or the other? I think I'm in the early stages of being scammed.
In summary, I'm buying a business (a micropub) and have registered the company to start trading 1st February. The business I am buying is still trading at the same address. Today I received a call from Select Energy. Not having set up this kind of business before (my other one trades from home) I fell for the line that they work on behalf of all the major energy companies etc etc...
Having contacted the proposed supplier, I now realise that they are just independent brokers. I have no problem with such,except that they need to earn their cash from somewhere - and I don't want it to be me.
In summary, I'm buying a business (a micropub) and have registered the company to start trading 1st February. The business I am buying is still trading at the same address. Today I received a call from Select Energy. Not having set up this kind of business before (my other one trades from home) I fell for the line that they work on behalf of all the major energy companies etc etc...
Having contacted the proposed supplier, I now realise that they are just independent brokers. I have no problem with such,except that they need to earn their cash from somewhere - and I don't want it to be me.
I've done a lot of work in this sector (I'm an accountant by trade). Yes the brokers will potentially add on a big whack.
May I suggest you try these guys www.troocost.com
They operate a very different model and their commission (max £600 for very big users) is paid direct from the suppliers).
May I suggest you try these guys www.troocost.com
They operate a very different model and their commission (max £600 for very big users) is paid direct from the suppliers).
Contact Bristol Energy - yep your read correctly - ran by the city council. Fab people to get your energy from and a human answers the phone every time.
https://www.bristol-energy.co.uk
Recommended for business and home user alike, wherever you are in the UK.
And no, I don't work for them, just buy my energy from them!
https://www.bristol-energy.co.uk
Recommended for business and home user alike, wherever you are in the UK.
And no, I don't work for them, just buy my energy from them!
Does this help:
There are new regulations that apply to businesses that fall into one of the following criteria:
Consume less than 200,000 kWh of gas a year, or
Consume less than 55,000 kWh of electricity a year, or
Has fewer than ten employees (or their full-time equivalent) and an annual turnover or annual balance sheet total not exceeding 2m Euros
As of Jan. 2010, new OfGem regulations state that within ten days of a contract being agreed verbally, or an existing contract being extended, the customer should receive written copies in plain language of the full terms & conditions and a statement of renewal terms (if the contract is of a fixed length).
After the customer has received these renewal terms they then have what is termed a "notification window" of 30 calendar days in which they would need to contact their current supplier in order to negotiate new terms for a new contract. If the supplier offers a new deal then this must be presented to the customer in writing and valid until the end of the notice period.
If the customer does nothing within the notification window, in that they do not contact their current supplier in writing, the contract can be automatically rolled over for a maximum of 12 months. This is, of course, provided that the supplier has already given the statement of renewal terms.
There are new regulations that apply to businesses that fall into one of the following criteria:
Consume less than 200,000 kWh of gas a year, or
Consume less than 55,000 kWh of electricity a year, or
Has fewer than ten employees (or their full-time equivalent) and an annual turnover or annual balance sheet total not exceeding 2m Euros
As of Jan. 2010, new OfGem regulations state that within ten days of a contract being agreed verbally, or an existing contract being extended, the customer should receive written copies in plain language of the full terms & conditions and a statement of renewal terms (if the contract is of a fixed length).
After the customer has received these renewal terms they then have what is termed a "notification window" of 30 calendar days in which they would need to contact their current supplier in order to negotiate new terms for a new contract. If the supplier offers a new deal then this must be presented to the customer in writing and valid until the end of the notice period.
If the customer does nothing within the notification window, in that they do not contact their current supplier in writing, the contract can be automatically rolled over for a maximum of 12 months. This is, of course, provided that the supplier has already given the statement of renewal terms.
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