Secret Commissions No Win No Fee

matt_drummer

t0rt0ise said:

When a company uses a broker, the broker usually gets paid part of the tariff that the company pays. So the company needs to know how much extra they are paying per kWh which goes to the broker. Then they can shop around and find a cheaper broker. 

Assuming everything else is equal, I would choose the `deal' with the lowest overall cost.

How much of it the broker gets is irrelevant to me.

Let's say I get two quotes

£1.00 per Kwh (80p energy and 20p broker commission)

90p per Kwh (60p energy and 30p broker commission)



I would choose the 90p tariff even though it's not the cheapest broker.


The broker's commission has no bearing on my choice, I choose based on the overall cost.

matt_drummer

ariarnia said:

i;m not. it was clarified in the first reply that the thing the OP is talking about is for business accounts. 

I haven't seen the OP say they are talking about a business, have I missed it?

pochase

I think everybody assumes it because a broker normally is only used by business. 

dunstonh

matt_drummer said:

ariarnia said:

i;m not. it was clarified in the first reply that the thing the OP is talking about is for business accounts. 

I haven't seen the OP say they are talking about a business, have I missed it?

The reasons for the business assumption is that the theoretical reclaim is for business users only and that brokers are used for business deals and not consumer deals.     

The cost of dealing with a broker is added onto the price for businesses.     In comparison, sites/switching sites for consumers are not added to the price.

matt_drummer

dunstonh said:

matt_drummer said:

ariarnia said:

i;m not. it was clarified in the first reply that the thing the OP is talking about is for business accounts. 

I haven't seen the OP say they are talking about a business, have I missed it?

The reasons for the business assumption is that the theoretical reclaim is for business users only and that brokers are used for business deals and not consumer deals.     

The cost of dealing with a broker is added onto the price for businesses.     In comparison, sites/switching sites for consumers are not added to the price.

I can see why the assumption is for a business but you are all just assuming.

When I read it I thought it was a residential customer who had read something somewhere and thought there might be an opportunity to claim some compensation.

My replies were based on my assumption that it was a question from a residential customer.

The initial reply pointed out to the OP that it was only for business customers and the OP hasn't been back to clarify.

It looks to me like the first replied thought this was a question from a residential customer also?

matt_drummer

    

The cost of dealing with a broker is added onto the price for businesses.     In comparison, sites/switching sites for consumers are not added to the price.

I guess they do, they phone here at work many, many times.

I never entertain any of them, I prefer to find our energy supplier rather pay them money.

They always start off saying they can save us money, a bold claim when they don't know how much we are paying!


As I thought this was a residential customer that is why I asked what is the claim actually for.

t0rt0ise

matt_drummer said:

dunstonh said:

matt_drummer said:

ariarnia said:

i;m not. it was clarified in the first reply that the thing the OP is talking about is for business accounts. 

I haven't seen the OP say they are talking about a business, have I missed it?

The reasons for the business assumption is that the theoretical reclaim is for business users only and that brokers are used for business deals and not consumer deals.     

The cost of dealing with a broker is added onto the price for businesses.     In comparison, sites/switching sites for consumers are not added to the price.

I can see why the assumption is for a business but you are all just assuming.

When I read it I thought it was a residential customer who had read something somewhere and thought there might be an opportunity to claim some compensation.

My replies were based on my assumption that it was a question from a residential customer.

The initial reply pointed out to the OP that it was only for business customers and the OP hasn't been back to clarify.

It looks to me like the first replied thought this was a question from a residential customer also?

It's being advertised widely.. the no win no fee claim for businesses by various solicitors.

matt_drummer

t0rt0ise said:

It's being advertised widely.. the no win no fee claim for businesses by various solicitors.

Thank you , I hadn't heard of it.

There are probably some people who will have heard an advert or seen a headline and thinks it could apply to them even though they wouldn't be eligible.