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Home News Latest News Utility Broker Charges are High
Utility Broker Charges are High
Thursday, 01 July 2010 09:09
During an investigation for a new Utility Bureau Service client of ours, it came to light that the commission being paid by the electricity supply company to the Utility Broker who formerly acted on behalf of  this new client, was about twice as much as we are now charging as a fixed fee.

As we all know, any commission that all Utility Companies pay to a Brokers, is added to the prices at the time of tendering so that clients pay for the commission but don’t know how much it is as there is no legal obligation to disclose it. Therefore, in this instance and in the majority of all other cases, the client ends up actually paying more for the Broker than paying us a fixed fee. However, the client thinks that they are saving money as the many Brokers claim that their service is free or self financing. In addition, our own approach is a much more comprehensive service as we take over all of the procurement and billing duties (checking, validation, chasing credits etc) whereas, most Brokers do not. The end result is client’s of ours get a much better Utility Consultancy service but at a much lower overall cost.

It is about time Government introduced legislation to stop this practice as many organisations are led to believe that using a Utility Broker is cheaper than using our type of Utility Consultancy.

To find out more about our approach, contacts us today.

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