Energy consultants and brokers are to be regulated with a new Code of Practice, enforced by the energy regulator later this year. As part of the ongoing Retail Market Review, Ofgem is placing a license obligation on suppliers to only deal with Third-party intermediaries (TPIs) that are accredited to an industry-governed code of practice. The regulator was granted new powers … Read More
Ofgem drafts code of practice for TPIs
The energy regulator has posted a first draft document outlining what rules and regulations could go into its Third-party intermediary (TPI) code of practice. The code, if it ever comes into existence, will aim to keep brokers acting in a way that is “fair, honest, appropriate and transparent”, the document states. We reported on this some weeks ago, when Ofgem … Read More
Energy regulator considers TPI code of practice
The energy regulator, Ofgem, is considering new ways to monitor Third-Party Intermediaries (TPIs) in the business retail market. As part of its Retail Market Review, the energy regulator Ofgem is looking at ways to rid the business energy market of ‘rogue TPIs’. There is currently no mandatory form of regulation for energy brokers, consultants and switching websites that serve the … Read More
How honest is your business energy broker?
There are a multitude of services that Third-party intermediaries (Tpis) offer, and varying ways they obtain clients and earn remuneration. This means that choosing the right Tpi is essential. It is now widely accepted that up to 70% of business energy procurement is facilitated by brokers and Tpis such as ourselves, but there is no official Ofgem license or even … Read More