Would you like to knock 1 pence per kWH off your energy bill? Just follow the advice below and you can?t go wrong.

Did you know that your energy broker/consultant currently has the ability to make more money than your actual energy supplier? Or that if you had purchased your energy on 27th Feburary 2012 rather than July 24th 2012 your price per kWH would be 0.79pkWH more? (1) To put this into perspective, if one of our chain restaurants, bought there energy on July 24th they would have saved £2000 per site, just purely by purchasing the energy on that date.

In fact, unless you have a clear agreement in place with your third parties that defines fee's and limits them you are signing a blank cheque.

'If I had a £1 for every time a sales manager has told a business that there offer is only valid until 4pm and after that the price of the offer will go up.'

Putting this in to perspective, I started amber energy in 2009, and back-then one of our competitors made £540,000 on one 'switching' deal I.e. They switched a client?s suppliers for them. It sickens me that company's still represent there services as 'free' or that the client need not worry because 'the fee is paid by the energy supplier'. It's all very ironic; you got them involved to help maintain the lowest available cost of energy and you've ended up with a bill that now includes additional fee's pushing it higher.

The only reason that brokers are getting away with this is by using sales tactics that confuse decision makers. If I had a £1 for every time a sales manager has told a business that there offer is only valid until 4pm and after that the price of the offer will go up? And another £1 for the amount of times the price has then gone down!

'If the client hadn't been bullied into the deal they could have been able to agree a contract with us that was actually less.

We recently lost a client to a direct supplier. It was quite a small supply and the client had asked us to quote for a 12 and 24 month period. The supplier who we were recommending made contact directly and explained that the price of energy was definitely going up so they should sign a 36 month contract. Whilst I don't disagree with the fact that energy prices will increase if the client hadn't been bullied into the deal (that was expiring at 4pm of course) they could have been able to agree a contract with us that was actually less per annum than the 12 and 24 month offers; the reason being that the price of gas for months 25 to 36 is actually trading below months 1-24. The information the supplier had provided the client was inaccurate and the client ended up paying a much larger premium for their gas then they needed to.

These are all questions that brokers don't want us to speak out about; it's not in their interests but it is in yours. We've got a different way of doing things and it's built on honesty, integrity, and trust (words that I am sure have been used in vain too many times).

Resources

(1) Calculation How have we calculated this? Based on non-seasonal usage profile I.e. Where usage in summer is the same as in winter. Based on a contract from 1st October 2012 to 30 September 2013. Based on an annual usage of 250,000 kWH. Based on the 12 month fixed price being comprised of two 6 month periods; Winter 12, Summer 13.