Monday 27 April 2015

What Happened at the Weekend

Compare business energy online with the Energy Advice Line
This weekend the energy news began to focus around the General Election once again with statements from Labour and the Liberal Democrats. Alongside this we also had more ideas on how we can improve our energy efficiency, and thoughts on the Big Six.

Saturday, 25th April
Sunday, 26th April
Don't forget that if you have any questions regarding your energy supply, or energy in general then feel free to get in touch:

Greater Transparency for Brokers Welcomed by EAL

EAL welcome greater transparency for brokers
The Energy Advice Line has welcomed a new Ofgem fact sheet that explains to SMEs the dos and don’ts of dealing with energy brokers.
Julian Morgan, managing director of the price comparison, switching and advice service for energy users said the sheet shone a much-needed light on the role of brokers and switching services – sometimes referred to as Third Party Intermediaries (TPIs).

“This information sheet simply and clearly explains the work of TPIs, offering small and medium-sized firms greater transparency when it comes to how services like EAL work,” Mr Morgan said.

Monday 20 April 2015

Business Electricity Price Review - Quarter One 2015


Business electricity price review quarter one 2015

Business energy users should consider using longer fixed-term deals following new figures released by Energy Advice Line showing that the relative cost of short and long-term contracts continues to narrow.

Firms are opting for more short term contracts in response to the current price drops, and hoping that the trends will be similar when their contracts are up for renewal in the same quarter of 2016.

According to Julian Morgan, managing director of the price comparison, switching and advice service for energy consumers, longer-term contracts continue to be a more viable option than ever for firms as protection against price fluctuation in a volatile market.

Monday 13 April 2015

What Happened at the Weekend

Compare business electricity online with the Energy Advice Line

Given how close we are to the upcoming General Election, there has been little in the press lately about the energy policies, especially compared to the amount we were looking at only a matter of months ago. This weekend there was more focus around energy efficiency and further saving money around the home, or business, to help cut down energy costs.




Saturday, 11th April

Sunday, 12th April

Don't forget that if you have any questions regarding your energy supply, or energy in general then feel free to get in touch:

Scam Leaves Businesses Hundreds of Pounds out of Pocket

Scam leaves businesses hundreds of pounds out of pocket
The Energy Advice Line has urged small and medium sized firms to hang up on cold callers offering to help them with their energy bills after an investigation was launched into a scam that leaves businesses hundreds of pounds out of pocket.
Julian Morgan, managing director of the price comparison, switching and advice service, said the swindle was further evidence that Ofgem should outlaw cold calling.

“The investigation into this fraudulent activity highlights what we have been saying for some time: businesses need to avoid dealing with cold callers,” Mr Morgan said.

“The majority of cold callers are not fraudsters, of course, but for many reasons it’s better to politely hang up on unsolicited callers offering cheap energy deals or anything else to do with their energy supplies.

“Cold callers are unlikely to be offering the cheapest deals on the market because they are often calling on behalf of a particular supplier, despite what they say to the contrary.

 “Worse, they could be fraudsters trying to steal your money.

“Reputable and independent switching services don’t need to engage in call calling, so just hang up on anyone that calls out of the blue.”

Trading Standards officers in Nottinghamshire have launched an investigation into a company that targets pubs, cafes and takeaways offering to claim back up to £6000 on their utility bills.

The fraudsters, operating under a number of company names, arrange for “auditors” to review a business’ energy bills and then persuade the owners to sign an agreement to claim back money.

The signed-up business later receives a telephone call purporting to be from their energy supplier, who apologizes for overcharging them. The fraudsters complete their scam by persuading the business to sign a contract that contains a £325 fee in the small print.

 “If it seems too good to be true, it probably is, and this applies to getting money back from energy companies or basic energy deals,” Mr Morgan said.

“If you believe you might have been overcharged for your energy – and this does happen due to malfunctioning meters or billing mistakes, contact your energy supplier directly.

“And when it comes to shopping around for the best deals, always do this through a reputable price comparison and switching service like the Energy Advice Line. This way you know you are getting independent advice.”

The Energy Advice Line is one of the UK's leading price comparison and switching services for business and domestic energy customers. It is also an advocate for energy market reform and has campaigned for a better deal for energy users, including calling for a ban on cold calling and changes to regulations to make it easier for all consumers to switch suppliers.

The service is completely independent and free. Consumers can quickly and simply search the market for the best available energy deals from an extensive panel of small and large energy suppliers. The service also offers a free advice line for business energy customers.

For further information visit www.energyadviceline.org.uk

Tuesday 7 April 2015

What Happened at the Weekend


This week we're also updating you on what happened on the Bank Holidays - the long weekend proved to be quite productive for the energy sector. We're now a month away from the General Election as well, so that continues to be on the forefront of most people's minds.

Friday, 3rd April

Saturday, 4th April

Sunday, 5th April

Monday, 6th April

Don't forget that if you have any questions regarding your energy supply, or energy in general then feel free to get in touch:

Energy Profit Margins Higher Than Ofgem Estimated

Energy profit margins are higher than Ofgem had originally estimated

The Energy Advice Line has welcomed calls by Ofgem for consumers to switch energy suppliers now in order to save up to £250 a year on their gas and electricity bills.

The call followed confirmation by the regulator that energy companies were failing to fully pass on the fall in wholesale gas prices they had enjoyed in the past year.

Quizzed by MPs this week about why suppliers had failed to deliver bigger price cuts to consumers, Ofgem chiefs agreed this was a “cause for concern”.

But they said they were focusing on encouraging consumers to change suppliers to make savings, adding, “generally it is a good time to switch”.