French Owned Energy Company Facing Fine Worth More Than 4 Million

Currently the news which is creating a buzz in UK streets is French-owned energy company will pay out 3.5m to vulnerable customers rather than face larger fine. EDF the Britain’s largest electricity supplier will pay back a paltry 50 to households who were mis-sold contracts on the doorstep. A donation of 1m will also make to Citizens Advice for energy advice campaign. The French-owned energy giant admitted door-to-door staffs were not trained to give customers all the information they needed. The power group said it would pay out 3.5million to the poorest households it supplies.

The firm saw a spike in complaints last year after it introduced a new billing system in August which was blighted with problems. The supplier later admitted overcharging 100,000 customers over 200,000 – the result of a seven-year fault on the company’s automated telephone meter reading system. The French-owned energy giant also agreed to pay 1million to an energy awareness campaign run by Citizens Advice. The sum comes to only 50 for each of the 70,000 homes judged to be ‘needy’ by the firm. The largest penalty payout ever demanded from an energy firm in this country. Nearly 70,000 homes receiving the one-off payment are already on the company’s Warm Home Discount scheme, where they receive a rebate of 120 a year.

The average EDF dual fuel bill is still 1,129 each year, and even with the extra 50 saving, families will have to fork out almost 1,000 to heat their homes. EDF Energy unveiled profits of 1.6billion – 427 for each of its 3.7million UK customers last month. The company admitted ‘limited shortcomings’ in its sales in 2010 – the period investigated by Ofgem. It is also investigating Scottish Power, SSE (formerly Scottish and Southern Energy) and power. Just 24 hours after it was named the worst of the major power suppliers for customer service, the EDF payout comes. Facing cashing with increase in household energy bills apply with text loans and get quick remedy from urgent bills.

Director of energy at Consumer Focus, Audrey Gallacher said it was positive that an energy company has worked with the regulator to tackle the issue. Climate and Energy Change Secretary Ed Davey said tougher rules were now in place over the information suppliers have to provide to their customers. He further added we are now looking at beefing up Ofgem’s powers further so it can make companies compensate consumers directly in cases like this, rather than having to rely on a voluntary approach

New Opportunities Arise From China Wholesale Markets

More and more people are turning to the internet to find personal electronics and gadgets. This trend, along with direct access to China wholesale electronics suppliers, has created new opportunities for online entrepreneurs. They now have access to a vast selection of gadgets at factory direct prices. Using the internet, they can advertise goods, purchase them from Chinese suppliers, and have them shipped directly to their customers. In today’s market, any entrepreneur that is tech savvy enough to create a website can start an online electronics business.

Dealing directly with China wholesale suppliers is very cost-effective. Products can be bought at rock bottom prices, and the only costs associated with buying from a foreign company is the cost of shipping. However, standard shipping (7-12 days) for a mobile phone from China to the United States is only about $15. Express shipping (3-5 days) costs around $20. This is not a great deal more than domestic shipping costs, and is certainly worth it if the product is significantly cheaper. Dropshipping services from electronics wholesaler also reduce operating expenses, as retailers no longer need to store goods while they wait for them to be sold.

China wholesale suppliers also offer a wide range of electronics, many of which can not be found locally. Chinese wholesale manufacturers take the shotgun approach to product distribution, offering every type of gadget and gizmo under the sun. Many of these products, such as floating iPod speakers or camera/phone/car mp3 player, are difficult to find in your average electronics store. Consumers looking for cool, wacky products like this are not typically interested in brand-names, and are simply looking for low prices and convenience. Online retailers offer both.

The internet also connects entrepreneurs with China wholesale electronics suppliers like never before. Retailers can browse products to their heart’s content, decide which will be most profitable, and advertise those products. All they need do to begin selling is create a website featuring the products that they have chosen. In addition, they can modify their selection of goods at the click of a button. With the introduction of dropshipping services, online retailers now have no need for inventory. Therefore, there is no cost associated with modifying the products they offer. Products that aren’t selling well can be immediately removed from the site, and newly released products can be uploaded within minutes.

Every day, more entrepreneurs are taking advantage of this opportunity. What are you waiting for? If you enjoy this article about China wholesale,this article originate from the China wholesale , please indicate the source if retweet, thanks very much!