UK Independent. Sourced. Primary. · Est. 2024

Banks Renewable Energy Limited | Energy Brokers | Durham | Est. 2008

Banks Renewable Energy Limited is a energy brokers registered in Durham, established 2008. View company details, send a free enquiry and verify FCA status. Kaeltripton Financial Index.

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Banks Renewable Energy Limited

Energy Brokers · Durham · Est. 2008

18 years
Active Trading
Active
CH Status
06762933
Company No
2024
Accounts to

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Company Registration Details

Registered company nameBanks Renewable Energy Limited
Companies House number06762933 →
Company typePrivate Limited Company (Ltd)
Registered addressInkerman House St Johns Road Meadowfield, DH7 8XL
City / RegionDurham
Date incorporated2008
Years trading18 years
CH statusActive
SpecialismRecorded activity: 35110
Index statusClaim this listing →

About Banks Renewable Energy Limited

Founded in 2008, Banks Renewable Energy Limited has been active for 18 years — a period that spans significant change in the UK financial services landscape, including post-financial crisis regulatory reform, digital transformation and the economic disruption of recent years. The firm's continued active status through this period reflects operational stability.

The Kaeltripton Financial Index records 4544 energy brokers nationally, 23 of them in Durham.

Verify dispute-scheme membership and ask for the broker's complaints procedure in writing.

What Energy Brokers Do

A broker's role in business energy is to run the tender: gathering consumption data, obtaining quotes and comparing terms. Ofgem's non-domestic reforms mean suppliers may only work with brokers signed up to a qualifying dispute resolution scheme.

Out-of-contract and deemed rates run far above negotiated terms, which is why renewal timing is the core discipline.

How to Choose the Right Energy Broker

Ask any broker for its commission in writing before signing; disclosure is required for microbusiness contracts. A credible firm will name the suppliers it will approach for your consumption profile.

Uplift-based commission is standard in the market; the size of the uplift is the number to obtain in writing.

Frequently Asked Questions

Are energy brokers regulated in the UK?
Not by the FCA: energy broking sits outside financial services regulation. Ofgem oversees the market through supplier licence conditions, and microbusiness disputes with brokers can go to the Energy Ombudsman via qualifying dispute schemes.
How are energy brokers paid?
Usually by supplier commission built into your unit rate, so the cost is inside the price per kWh rather than an invoice. Disclosure rules for microbusiness contracts mean you can and should get the amount in writing.
Can an energy broker save my business money?
Often, though the saving usually comes from avoiding out-of-contract and rollover rates as much as from negotiated pricing; access to supplier pricing for your consumption profile does the rest.
What should I have ready when approaching an energy broker?
Recent bills showing your MPAN (electricity) and MPRN (gas), the contract end date and notice period, current unit rates and standing charges, and an annual consumption estimate.
What is automatic rollover and how do I avoid it?
Rollover happens when a contract end passes without notice served, renewing the supply, often at materially higher rates. Avoid it by diarising the notice window and serving notice in writing inside it.

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Important notice: This page presents publicly available information from the Companies House register. Kaeltripton.com is a directory service and is not affiliated with Banks Renewable Energy Limited or any listed firm. This page does not constitute financial advice. Always verify a firm's regulatory status on the FCA Register at register.fca.org.uk and its Companies House status at companieshouse.gov.uk before entering into any arrangement.

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