ecosave power brokers

kevinmummery

ecosave phoned me saying they coud save me between 200-300 a year on my small business electricity i was with edf paying 350-400 a month and they changed me to yorkshire gas and power and now my bill is treble just under a 1000 a month i agreed the rates as i thought they were cheaper and when i call ygp saying i was missold it and want to cancel they told me it woud be 9000 is there anyway i can cancel this as i was told they coud save me money

Talldave

Most users on here are domestic, but the underlying issues are the same. Was the 350-400 for metered consumption?  Same question for new supplier? 
If the answers are Yes, then presumably you signed up to a new supplier charging two and a half times what you were paying? You might consider taking legal advice but it looks as if you willingly signed up without doing any checks or research?

Robin9

Give us the unit rate and standing charge from Edf and YGP and your annual consumption and we can comment further but as a business you do not get the protection that domestic customers do.

MWT

Read whatever contract you have signed and see what the cancellation terms really are.

Also pay close attention to who provided you with what information.

Odds are 'ecosave' were acting as an introducer for a fee, in which case you will probably find very little in writing from them containing any specific representations about savings, and the documentation from Yorkshire will probably have nothing inaccurate about their costs and T&C including the termination fee / minimum contract period, but sadly it seems you didn't check the numbers correctly and didn't read the contract properly before signing...

Time to talk to a lawyer and see if they can spot a way out for you...

Ectophile

Take it as a lesson for the future that if someone phones you up and tells you that they can save you money, then they are lying.  Hang up on them.  It doesn't matter what they are selling, it will be over-priced and will lock you into a long contract.

Small businesses are like a magnet for scammers.

matelodave

You only save money when you do your own sums using your own consumption data, checking the tariff that you've been offered and can work out exactly how much you will pay. A comparison site or agent may point you in the right direction but you have to make your own decision.