Utility Brokers

by **LionsShare** Tue Oct 11, 2022 9:27 am

by almeans research for yourself:

by flyingfish Tue Oct 11, 2022 12:06 pm

Energy supplies do not fall under the Consumer Credit Act. There were some aspects that might have done so, for example the Green Deal, but legislation was specifically passed to exempt these.

Even if they did fall under the CCA, why would you consider a Supplier to be a broker?

by **LionsShare** Tue Oct 11, 2022 4:46 pm

flyingfish wrote:There were some aspects that might have done so, for example the Green Deal, but legislation was specifically passed to exempt these.

What this legislation was, do you know?

flyingfish wrote:Even if they did fall under the CCA, why would you consider a Supplier to be a broker?

I did post something weeks back if memory serves me well? It was something I think surrounding these companies (SSE b'gas EON etc) buying off DNOs but not actually supplying anything directly.

disclaimer, the picture above is not mine, https://t.me/lisastruthers/3765

by flyingfish Tue Oct 11, 2022 5:06 pm

LionsShare wrote:
flyingfish wrote:There were some aspects that might have done so, for example the Green Deal, but legislation was specifically passed to exempt these.
What this legislation was, do you know?

Part was covered by the Energy Act 2011, but there was also The Consumer Credit Act 1974 (Green Deal) (Amendment) Order 2014. I think the latter arose from powers given by the former. Either way the amendments were written into the CCA itself. Note these are specific to the "Green Deal", normal energy supply has never come under the CCA.

LionsShare wrote:
flyingfish wrote:Even if they did fall under the CCA, why would you consider a Supplier to be a broker?
I did post something weeks back if memory serves me well? It was something I think surrounding these companies (SSE b'gas EON etc) buying off DNOs but not actually supplying anything directly.

I posted a link a while ago explaining the relationships, but the Suppliers buy from the Producers, not from the DNO.

But my point really was that a broker does not provide credit themselves, they fix you up with a deal with someone who does. Hence the bits about reclaiming broker's fees under some circumstances if the credit they're trying to arrange doesn't come off.

by **LionsShare** Tue Oct 11, 2022 5:20 pm

cheers FF, some may well use this angle in correspondences with utils? I don't, I firmly use the Trust POV

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