Numerous UK businesses routinely rely on energy brokers to secure their energy requirements. These intermediaries connect you with suppliers, but hidden commissions might be lurking in contracts, undisclosed by brokers.
While energy brokers are legally obliged to reveal earned commissions, numerous have historically used deceptive language or hidden financial motivations.
Was the total earnings disclosed by your energy broker for arranging your business contract? From our experience, most don’t, and there’s typically a reason. Brokers know that revealing their earnings fully could impact their current commission structure.
You might have been informed the service was free or that the broker received an “introducers fee” from the supplier. However, many brokers receive their commission from suppliers, integrated into the unit price.
Gas contract length: 2 years
Energy Broker rate: 5 p/kWh
Annual Energy Consumption: 50,000 kWh
Broker Yearly Commission: £2,500
Electricity contract length: 5 years
Energy Broker rate: 5 p/kWh
Annual Energy Consumption: 75,000 kWh
Broker Yearly Commission: £3,750
