Letter of Authority: Don’t Sign Your Business Away to a Broker
Avoiding bad applesAny company can set up as an energy broker and the market is not under any strict regulation. Unfortunately, this has attracted many unscrupulous operators to the industry. One of our most recent blog posts gives you ten tips to help spot a dodgy energy broker. Using a dodgy LOA which asks for too many permissions could be added to this list and you should never give an energy broker permission to agree your contract for you. At Utility Helpline, we only ever ask clients for basic permissions that allow us to do our job. We use this permission to speak to compare more than 70 tariffs from 20 different suppliers and report the results back to our customers. We will offer advice on the tariff that we think is best and provide a detailed explanation why, but the final choice is always left up to the client.
Why you should use a brokerYou might have heard some of the horror stories from businesses getting stuck with a dodgy third-party intermediary. This might put you off using a broker for good, but there are some important ways that brokers can benefit your business.
Save time and moneyBrokers compare prices in line with your specific business needs. They visit dozens of gas and electricity suppliers on your behalf, finding the very best deals.
ExpertiseEnergy brokers are market experts. You can benefit from an impartial understanding of the industry, particularly how it relates to your business needs.
MonitoringThe best energy deals are on a fixed-term basis. A good energy broker will stay in touch over the course of your contract and work more closely with you when its time to find a new deal.
Published by Utility Helpline on (modified )
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