Over 15,500 Compensation Claims Currently Being Pursued
UK/NI businesses have been significantly impacted by mis-sold energy contracts, with compensation claims amounting to billions of pounds. The issue primarily involves energy brokers who received undisclosed commissions, which were not transparent to the businesses they were supposed to help. This lack of transparency led to businesses paying higher energy bills than necessary. According to recent reports, around 15,500 compensation claims are currently being pursued, with a total of approximately £2.5 billion at stake . These claims involve businesses of all sises, Nursing Homes, charities, and other organisations that were misled about the true costs of their energy contracts due to hidden commissions by brokers. The average compensation claim for affected businesses stands at over £25,000, with some businesses potentially eligible for multi-million-pound settlements. It is estimated that around 2 million businesses in the UK could be entitled to compensation and chances ar...