04-11-2021, 23:03
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#241
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cf.mega poster
Join Date: Dec 2013
Posts: 14,340
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Re: Energy companies collapse
Quote:
Originally Posted by Paul
Ofgem must be very busy atm, finding new homes for everyone.
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Agreed and it's work they created for themselves.
As the boss of Octopus said, energy companies should have to buy energy in advance to match the tariffs they are offering their customers. If they just gamble on energy prices falling all the time, then they will get caught out when prices rise. The extra costs from companies not doing this and failing result in extra admin for Ofgem and these costs are passed onto us consumers.
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05-11-2021, 18:35
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#242
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Do I care what you think
Join Date: Jul 2006
Location: Cardiff South Wales
Age: 73
Services: V6 ,Virgin L. Phone Broadband.sky go Netflix
Posts: 4,373
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Re: Energy companies collapse
Quote:
Originally Posted by 1andrew1
Agreed and it's work they created for themselves.
As the boss of Octopus said, energy companies should have to buy energy in advance to match the tariffs they are offering their customers. If they just gamble on energy prices falling all the time, then they will get caught out when prices rise. The extra costs from companies not doing this and failing result in extra admin for Ofgem and these costs are passed onto us consumers.
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As it always is and ever shall be
__________________
No point in being pessimistic. You know it won`t work.
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16-11-2021, 21:42
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#243
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Born again teenager.
Join Date: Feb 2007
Location: Manchester. (VM area 20)
Age: 76
Services: Maxit TV, M250 Fibre BB.
Phone-Anytime Chatter
Posts: 13,736
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Re: Energy companies collapse
2 more energy firms cease trading.
Quote:
Neon Reef and Social Energy Supply, which have over 35,000 household customers between them, have become the latest energy providers to cease trading – meaning 19 domestic energy suppliers have gone bust since September.
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https://www.moneysavingexpert.com/ne...JLmFF22mCAtNik
__________________
"I intend to live forever, or die trying" - Groucho Marx..... "but whilst I do I shall do so disgracefully." Jo Glynne
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17-11-2021, 00:31
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#244
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Dr Pepper Addict
Cable Forum Team
Join Date: Oct 2003
Location: Nottingham
Age: 61
Services: Flextel SIP : Sky Mobile : Sky Q TV : VM BB (1000 Mbps) : Aquiss FTTP (900 Mbps)
Posts: 27,896
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Re: Energy companies collapse
Despite all the doomy predictions, Bulb are still going.
__________________
Baby, I was born this way.
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17-11-2021, 08:38
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#245
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Just a Geek
Join Date: Jul 2015
Posts: 3,657
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Re: Energy companies collapse
Quote:
Originally Posted by Paul
Despite all the doomy predictions, Bulb are still going.
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I think they are getting help on the QT. Too many customers to lose. With their pricing structure though at least they have not lost as much as those who were honoring massive loss inducing deals
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17-11-2021, 08:46
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#246
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Trollsplatter
Cable Forum Team
Join Date: Jun 2003
Location: North of Watford
Services: Humane elimination of all common Internet pests
Posts: 37,084
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Re: Energy companies collapse
Quote:
Originally Posted by Jaymoss
I think they are getting help on the QT. Too many customers to lose. With their pricing structure though at least they have not lost as much as those who were honoring massive loss inducing deals
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Yes, they don’t do fixed rates or introductory bribes - just one basic rate (although they do now also offer an economy electricity tariff for EV owners). I guess this may have made business planning slightly simpler for them. It has certainly given them the necessary flexibility to move all their customers onto the Ofgem maximum tariff.
They installed our smart meter last week and against all expectations it has done something useful. All three teenagers in our house used the electric shower last night so we got a timely reminder of what it looks like when a 10kW appliance runs for about an hour, more or less continuously. It was eye-watering. I’ll be having a word.
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17-11-2021, 09:05
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#247
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Just a Geek
Join Date: Jul 2015
Posts: 3,657
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Re: Energy companies collapse
Quote:
Originally Posted by Chris
Yes, they don’t do fixed rates or introductory bribes - just one basic rate (although they do now also offer an economy electricity tariff for EV owners). I guess this may have made business planning slightly simpler for them. It has certainly given them the necessary flexibility to move all their customers onto the Ofgem maximum tariff.
They installed our smart meter last week and against all expectations it has done something useful. All three teenagers in our house used the electric shower last night so we got a timely reminder of what it looks like when a 10kW appliance runs for about an hour, more or less continuously. It was eye-watering. I’ll be having a word.
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they used to do introductory bribes as I almost got all my gas paid for one year by referring people
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17-11-2021, 09:06
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#248
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vox populi vox dei
Join Date: Mar 2007
Location: the last resort
Services: every thing
Posts: 13,739
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Re: Energy companies collapse
Quote:
Originally Posted by Chris
Yes, they don’t do fixed rates or introductory bribes - just one basic rate (although they do now also offer an economy electricity tariff for EV owners). I guess this may have made business planning slightly simpler for them. It has certainly given them the necessary flexibility to move all their customers onto the Ofgem maximum tariff.
They installed our smart meter last week and against all expectations it has done something useful. All three teenagers in our house used the electric shower last night so we got a timely reminder of what it looks like when a 10kW appliance runs for about an hour, more or less continuously. It was eye-watering. I’ll be having a word.
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You've got teenagers that take a shower
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To be or not to be, woke is the question Whether 'tis nobler in the mind to suffer. The slings and arrows of outrageous wokedome, Or to take arms against a sea of wokies. And by opposing end them.
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17-11-2021, 09:07
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#249
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Just a Geek
Join Date: Jul 2015
Posts: 3,657
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Re: Energy companies collapse
that is £2 quid gone poof just like that
Mind you a 10KW shower must be awesome
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17-11-2021, 10:46
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#250
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Sulking in the Corner
Join Date: Jul 2009
Location: RG41
Services: 1 Gbps; Hub 4 MM; ASUS RT-AX88U; Ultimate VOLT. BT Infinity2; Devolo 1200AV
Posts: 11,955
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Re: Energy companies collapse
Quote:
Originally Posted by Jaymoss
that is £2 quid gone poof just like that
Mind you a 10KW shower must be awesome
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I should report you to the Woke Police for that.
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Seph.
My advice is at your risk.
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17-11-2021, 13:16
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#251
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Trollsplatter
Cable Forum Team
Join Date: Jun 2003
Location: North of Watford
Services: Humane elimination of all common Internet pests
Posts: 37,084
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Re: Energy companies collapse
Quote:
Originally Posted by Jaymoss
they used to do introductory bribes as I almost got all my gas paid for one year by referring people
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Yeah sorry I was meaning bribes as in reduced rate tariffs for the first six months and that sort of thing - stuff that would hamper their flexibility if they needed to suddenly increase their tariffs. Some other energy companies have found themselves selling at a significant loss in recent months because they have customers on those sorts of deals.
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22-11-2021, 12:59
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#252
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Trollsplatter
Cable Forum Team
Join Date: Jun 2003
Location: North of Watford
Services: Humane elimination of all common Internet pests
Posts: 37,084
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Re: Energy companies collapse
And now Bulb teeters on the brink …
https://www.bbc.co.uk/news/business-59373198
---------- Post added at 12:59 ---------- Previous post was at 12:51 ----------
We appear to have reached the point where the customer reassignment process is broken.
Quote:
Bulb will become the first company to placed into "special administration", where it is run by the government through the regulator Ofgem.
This measure is only used if Ofgem is unable to find another company to take over an energy firm's customers.
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22-11-2021, 13:35
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#253
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laeva recumbens anguis
Cable Forum Team
Join Date: Jun 2006
Age: 67
Services: Premiere Collection
Posts: 42,264
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Re: Energy companies collapse
From Bulb website.
https://bulb.co.uk/blog/bulb-special-administration/
Quote:
Special administration
Special administration is designed to protect the customers of a large energy supplier that’s become insolvent. The special administrator is required by the Government under the 2011 Energy Act to continue to supply energy to customers, and will protect customer credit balances. The process to appoint special administrators is not yet complete but we expect them to be appointed shortly.
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There is always light.
If only we’re brave enough to see it.
If only we’re brave enough to be it.
If my post is in bold and this colour, it's a Moderator Request.
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22-11-2021, 14:18
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#254
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The Dark Satanic Mills
Join Date: Dec 2003
Location: floating in the ether
Posts: 12,090
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Re: Energy companies collapse
Quote:
Originally Posted by Hugh
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We had just switched to Green Energy from GOTO Energy, had only been with them for one month and had received back all our credit balance from GOTO. Then Green went under. So luckily I'm not in the hole moneywise.
I took meter readings the day Green went under and cancelled my Direct Debit.
I had an email saying I was being switched to Shell, but that was several weeks ago and heard nothing since. So I'll just bank what I was paying monthly to one side and wait.
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The wheel's still turning but the hamsters dead.
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22-11-2021, 14:22
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#255
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laeva recumbens anguis
Cable Forum Team
Join Date: Jun 2006
Age: 67
Services: Premiere Collection
Posts: 42,264
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Re: Energy companies collapse
I moved from Bulb to Shell in April this year, and have found them to be OK.
They, in fact, reduced my DD from £122 to £103 in August...
__________________
There is always light.
If only we’re brave enough to see it.
If only we’re brave enough to be it.
If my post is in bold and this colour, it's a Moderator Request.
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