Despite a tough few years for UK companies who have not only faced a crippling rise in energy costs, the effects of inflation, loss of
business during the pandemic and now the threat of a recession looming, there’s finally a glimmer of hope on the horizon that will help many weather the storm and keep their doors open until the brighter days ahead.
Thousands of UK companies have finally been given the green light to claim back up to six years of hidden fees within their energy
contracts, thanks to a damning investigation and new industry regulation by Ofgem (Office of Gas and Electricity Markets).
Unbeknown to many companies, the UK Energy Market has been unregulated until now. However, the UK Energy Regulator Ofgem finally put its foot down after conducting a long and damning investigation into the shady practices of 3rd party energy broker firms, also known as Utility Management Companies, that have prayed on unsuspecting businesses for years.