28-11-2021, 15:27
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#316
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cf.mega poster
Join Date: Dec 2013
Posts: 15,410
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Re: Energy companies collapse
Quote:
Originally Posted by nomadking
Octopus Energy is part of the Octopus Group. Their electricity is sourced from renewables, not gas generated.
Where did Shell Energy get the money from, if not the Shell Group? Easy if you have rich "parents".
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The gas that Octopus supplies its customers is not renewable! As I explained before, it's a dual fuel supplier like its peers. Its majority shareholder (Octopus Group) has not had to bail it out.
Here's some useful information from the Shell Energy Retail site:
Quote:
At Shell Energy, all of our electricity comes from 100% renewable sources like wind, solar and biomass...
But when there is a high demand for gas, and gas prices rise, the cost of buying electricity from all different generation sources (including renewable) increases too.
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So, higher gas prices also impact renewable electricty prices.
Quote:
Some suppliers are going out of business, why is that?
When a customer joins us, we buy energy up front for the length of that tariff - either 1, 2 or 3 years in advance. It means that if energy prices fluctuate, we’ve locked in an agreement on how much we’ll buy it for and how much our customers will pay for it. If suppliers haven’t done that then big increases in wholesale prices can put a strain on their finances.
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https://www.shellenergy.co.uk/blog/p...s-are-changing
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28-11-2021, 15:51
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#317
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Just a Geek
Join Date: Jul 2015
Posts: 4,363
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Re: Energy companies collapse
Octopus finally sorted my Avro Balance and Bill just need my first bill off them now. 2 Months I guess not to bad but I think Avro were being quite dodgy taking money out for other companies
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28-11-2021, 16:53
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#318
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Dr Pepper Addict
Cable Forum Team
Join Date: Oct 2003
Location: Nottingham
Age: 62
Services: IDNet FTTP (1000M), Sky Q TV, Sky Mobile, Flextel SIP
Posts: 30,013
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Re: Energy companies collapse
Quote:
Originally Posted by 1andrew1
So, higher gas prices also impact renewable electricty prices.
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I'd love to hear the explanation for that.
__________________
 Baby, I was born this way.
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28-11-2021, 21:18
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#319
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cf.mega poster
Join Date: Jun 2003
Location: Kairdiff-by-the-sea
Age: 69
Services: TVXL BBXL Superhub 2ac (wired) 1Tb Tivo
Posts: 10,293
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Re: Energy companies collapse
Quote:
Originally Posted by Paul
I'd love to hear the explanation for that.
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It's a seller's market? 
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01-12-2021, 14:34
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#320
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cf.geek
Join Date: Oct 2018
Posts: 701
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Re: Energy companies collapse
Another energy firm collapses - Zog Energy
Quote:
Another energy supplier has collapsed amid an ongoing surge in gas prices, UK regulator Ofgem has said.
Zog Energy, which has about 11,700 domestic energy customers, ceased trading on Wednesday.
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https://www.bbc.co.uk/news/business-59488818
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01-12-2021, 14:40
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#321
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Trollsplatter
Join Date: Jun 2003
Location: North of Watford
Services: Humane elimination of all common Internet pests
Posts: 38,220
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Re: Energy companies collapse
To be fair, they didn’t go bust, they just fell foul of the little-known Stupid Names Act (2016).
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01-12-2021, 15:11
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#322
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cf.mega pornstar
Join Date: Jan 2006
Posts: 19,217
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Re: Energy companies collapse
Quote:
Originally Posted by Chris
To be fair, they didn’t go bust, they just fell foul of the little-known Stupid Names Act (2016).
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Kneel before Zog sorry Zod
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01-12-2021, 22:25
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#323
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Woke and proud !
Join Date: Jun 2004
Services: TV, Phone, BB, a wife
Posts: 9,950
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Re: Energy companies collapse
Bugger that's both my electricity (symbio) and gas(zog) gone bust. Zog were a nice uncomplicated company as well as cheap, you got a reply within an hour of emailing them. No online account, or any meter readers bothering you, Never any mention of a smart meter. Just took your word and an accurate bill each month. Stayed with them longer than anyone else.
No worries, being a cheapskate I've been down this road many times !
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01-12-2021, 22:31
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#324
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Just a Geek
Join Date: Jul 2015
Posts: 4,363
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Re: Energy companies collapse
Quote:
Originally Posted by Mr K
No worries, being a cheapskate I've been down this road many times !
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then this is really going to hurt hahahaha
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01-12-2021, 22:34
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#325
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Woke and proud !
Join Date: Jun 2004
Services: TV, Phone, BB, a wife
Posts: 9,950
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Re: Energy companies collapse
Quote:
Originally Posted by Jaymoss
then this is really going to hurt hahahaha
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Well I'm happy in the knowledge I've being paying less over the years than I needed to 
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01-12-2021, 22:45
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#326
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cf.mega poster
Join Date: Dec 2013
Posts: 15,410
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Re: Energy companies collapse
Quote:
Originally Posted by Mr K
Bugger that's both my electricity (symbio) and gas(zog) gone bust. Zog were a nice uncomplicated company as well as cheap, you got a reply within an hour of emailing them. No online account, or any meter readers bothering you, Never any mention of a smart meter. Just took your word and an accurate bill each month. Stayed with them longer than anyone else.
No worries, being a cheapskate I've been down this road many times !
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Are you collecting obscure energy providers like stamps, Mr K? 
On a more serious note, I do feel sorry for those on pensions and universal credit next year who are not on fixed rates, typically customers of defunct providers. Wholesale gas prices have gone up by some 450% in the last year and that will make its mark felt in April's variable rates. Let's hope it's a mild winter and mild 2022.
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01-12-2021, 23:00
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#327
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Just a Geek
Join Date: Jul 2015
Posts: 4,363
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Re: Energy companies collapse
Quote:
Originally Posted by Mr K
Well I'm happy in the knowledge I've being paying less over the years than I needed to |
I was paying a really low rate till Avro collapsed too
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01-12-2021, 23:00
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#328
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Trollsplatter
Join Date: Jun 2003
Location: North of Watford
Services: Humane elimination of all common Internet pests
Posts: 38,220
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Re: Energy companies collapse
Quote:
Originally Posted by Mr K
Bugger that's both my electricity (symbio) and gas(zog) gone bust. Zog were a nice uncomplicated company as well as cheap, you got a reply within an hour of emailing them. No online account, or any meter readers bothering you, Never any mention of a smart meter. Just took your word and an accurate bill each month. Stayed with them longer than anyone else.
No worries, being a cheapskate I've been down this road many times !
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I guess you can afford the personal touch when you have next to no customers. Unfortunately it also means you can’t afford to buy your own product when times are tough.
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01-12-2021, 23:02
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#329
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Woke and proud !
Join Date: Jun 2004
Services: TV, Phone, BB, a wife
Posts: 9,950
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Re: Energy companies collapse
Quote:
Originally Posted by Jaymoss
I was paying a really low rate till Avro collapsed too
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Haha, don't mention Avro. I manage my sons energy account for him , guess who I had him with?
That's 3 bust companies I'm dealing with now !
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01-12-2021, 23:10
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#330
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Just a Geek
Join Date: Jul 2015
Posts: 4,363
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Re: Energy companies collapse
Quote:
Originally Posted by Mr K
Haha, don't mention Avro. I manage my sons energy account for him , guess who I had him with?
That's 3 bust companies I'm dealing with now !
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hahahahaha soon there will only be 7 + El Govs Bulb hahaha
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