Households landed with higher energy bills after using money-saving scheme [Yahoo! Finance]
Heico Corporation (HEI)
Last heico corporation earnings: 2/25 04:15 pm
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Source: Yahoo! Finance
As many as 20,000 households have been moved to a different supplier without their knowledge, with some unable to revert to their original provider, a report submitted to Ofgem claims. The regulator is now under pressure to crack down on auto-switching firms, which have been accused of taking advantage of falling energy costs and “ripping customers off” with fees of up to £90 in commission. Ofgem has said it is “carefully considering” the report's findings. Auto-switching platforms soared in popularity before the 2021 energy crisis. They work by automatically moving customers to the cheapest available tariff Customers either pay a monthly fee for the service, or the platform bakes in a commission by charging customers a higher rate for their power use than they would pay if they had signed up with a supplier directly. Many auto-switching platforms suspended their services after wholesale costs surged above the energy price cap But thousands of customers have remained signed
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HEI
News
- HEICO Corporation Announces Regular Quarterly Conference CallAccesswire
- HEICO Co. (NYSE: HEI) had its price target raised by analysts at Stifel Nicolaus from $215.00 to $230.00. They now have a "buy" rating on the stock.MarketBeat
- VPT Announces Release of the New Quad Output, Low Noise SLNP17-100CQ [Yahoo! Finance]Yahoo! Finance
- VPT Announces Release of the New Quad Output, Low Noise SLNP17-100CQPR Newswire
- VPT Announces Release of the New Quad Output, Low Noise SLNP17-100CQPR Newswire
HEI
Earnings
- 2/26/24 - Beat
HEI
Sec Filings
- 5/10/24 - Form 4
- 4/25/24 - Form 4
- 4/18/24 - Form 4
- HEI's page on the SEC website