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Energy companies collapse
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Old 22-11-2021, 15:39   #256
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Re: Energy companies collapse

I got most of my credit balance back from Bulb a few weeks ago because they had set a direct debit that was excessive and the amount in my account was just going up and up. I’m happy with the level of my credit at the moment because it is now definitely going to go into debit during the winter which IMO is what it’s supposed to do, although in recent years energy companies seem to have been trying to shift the goalposts so we all think it should mostly be in credit with at most a tiny dip into debit by mid spring. I’m also happy with the amount they’re taking each month. TBH as they are now going to be kept busy for a few months being back-door nationalised, I’m just going to sit tight, ride out the winter and then look to see if there are cheaper deals when things settle down next year.
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Old 25-11-2021, 12:57   #257
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Re: Energy companies collapse

Just arrived by email

Quote:
You’ll have seen in the news recently that rising gas prices have impacted a number of energy suppliers. Orbit has been a well-run energy supplier, and we have always taken a prudent approach to the way we buy your energy so that we could sustainably, give you the best price possible.

Sadly, the UK government and our regulator Ofgem, expects us to sell energy at a price far lower than the cost to buy - which makes operating unsustainable. It is with a heavy heart that I write to you, our loyal customers, to let you know that despite our best efforts, supplying energy to UK households is no longer viable. This means Orbit Energy will cease trading as of 25th November 2021.
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Old 25-11-2021, 13:28   #258
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Re: Energy companies collapse

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Originally Posted by Taf View Post
Just arrived by email
I am dreading next April. Struggling as it is
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Old 25-11-2021, 15:06   #259
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Re: Energy companies collapse

The Orbit email asked me to send today's meter readings. To do that, I have to request an OTP by email. And it looks like they have shut down their system.
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Old 25-11-2021, 15:35   #260
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Re: Energy companies collapse

Quote:
Originally Posted by Taf View Post
The Orbit email asked me to send today's meter readings. To do that, I have to request an OTP by email. And it looks like they have shut down their system.
just keep a note for your new supplier. I took readings after Avro shut and held onto them

---------- Post added at 14:35 ---------- Previous post was at 14:34 ----------

It has now been 2 months since Avro closed and still no final bill or balance transfer
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Old 25-11-2021, 17:20   #261
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Re: Energy companies collapse

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I am dreading next April. Struggling as it is
What happens in April ?
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Old 25-11-2021, 17:22   #262
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Re: Energy companies collapse

Quote:
Originally Posted by Jaymoss View Post
I am dreading next April. Struggling as it is
Quote:
Originally Posted by Paul View Post
What happens in April ?
Windows 13 probably
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Old 25-11-2021, 17:27   #263
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Re: Energy companies collapse

Quote:
Originally Posted by Paul View Post
What happens in April ?
next price cap increase

---------- Post added at 16:27 ---------- Previous post was at 16:26 ----------

Quote:
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Windows 13 probably
hahahaha
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Old 25-11-2021, 17:27   #264
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Re: Energy companies collapse

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What happens in April ?
Charlie Farley becomes King.
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Old 25-11-2021, 17:28   #265
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Re: Energy companies collapse

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next price cap increase
Ah. Ok.
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Old 26-11-2021, 14:58   #266
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Re: Energy companies collapse

Im struggling as I'm currently paying about £114 dual fuel and my renewal is double that per month!
Is it worth going variable rate?
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Old 26-11-2021, 15:06   #267
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Re: Energy companies collapse

No energy company is allowed to charge you more than the price cap. If someone is offering you a new fixed rate, IIRC it can’t be more than the cap, so you won’t be any worse off on it than you would be on a variable rate. Plus, as the cap will for certain rise substantially next spring, if you are lucky enough to find a fixed rate that lasts more than 6 months you might actually save a little by next April.
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Old 26-11-2021, 15:29   #268
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Re: Energy companies collapse

Quote:
Originally Posted by Chris View Post
No energy company is allowed to charge you more than the price cap. If someone is offering you a new fixed rate, IIRC it can’t be more than the cap, so you won’t be any worse off on it than you would be on a variable rate. Plus, as the cap will for certain rise substantially next spring, if you are lucky enough to find a fixed rate that lasts more than 6 months you might actually save a little by next April.
That is not correct. Fixed rate can be more than the cap

"The price cap only applies only to domestic energy customers paying standard variable rate energy tariffs (SVTs) – also known as ‘default’ tariffs. So those with a fixed-rate energy tariff are not affected by it."

https://www.forbes.com/uk/advisor/en...gy-price-caps/

There are loads of fixed rate tariffs out there way in excess of the cap. Hoping you bite and are worried abotu the rise coming and hoping the prices drop in time to not lose on it
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Old 26-11-2021, 16:16   #269
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Re: Energy companies collapse

Freaking heck, that’s worth knowing …. There’s been so much talk about the price cap lately that that point seems to be getting overlooked.
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Old 26-11-2021, 16:19   #270
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Re: Energy companies collapse

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Freaking heck, thatís worth knowing Ö. Thereís been so much talk about the price cap lately that that point seems to be getting overlooked.
I know crazy innit
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