Squirrel
Central Defender
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Energy suppliers going bust
- Thread starter Dave Herbal
- Start date
Martin F
Striker
Nope, don't want it either!
GordonMuchallNo1Fan
Striker
Took advice from Ofgen. If a company doesn't exist then they don't need to be taking money off me.Govt Minister on telly yesterday telling you not to cancel your DD - do you not trust your government ?
oh I don't blame you, I'd have done the same - we all know this government are a bunch of lying clueless arseholes, it's ok to admit it
GordonMuchallNo1Fan
Striker
Good, I'm not daft with my ££
AndrewP
Striker
It'll just mean you'll need to set up a new direct debit with the new supplier. I would rather do that than risk them taking more money and claiming I didn't have it.
look out piano
Striker
Scottish power just knocked at the door there, I just laughed and said I wasn't interested....."it's just about the price rises" he reckoned, I laughed again and just said I was sticking with SSE.
Darlo1973
Striker
Mostly because the Ofgem price cap is going up so that allows them to charge more. With fewer suppliers around there is less competition so everyone charges the most they can get away with.
It's all down to how the cap is calculated. It is based upon what prices have been doing over the last 6 months not what they are expected to do in the future. The rise is the cap in 6 months time is already locked in even if prices come down between now and then.
For this reason it may be better sticking to a flexible/standard tariff now rather than committing to a more expensive fix and then seeing what the situation is in 6 months time. At present the wholesale price is higher than the cap so the energy firms are being forced to sell at a loss.
look out piano
Striker
I think they need to bring in different price caps, I'm on UC and my price cap is the same as a millionaires FFS.
Darlo1973
Striker
It isn't a cap on the bills but on the unit prices. Presumably the millionaire has a larger house and uses more energy so will have a bigger bill
However, more should be done for those on lower incomes
Al Bundy
Striker
i don’t anticipate it’ll be a quick process by any stretch of the imagination
Billy Fish
Striker
To be fair, and it's definitely not like me to do this with the current government, there is a big push to actually force people away from fossil fuels. Gas boilers won't be able to be installed in new homes from 2025 and petrol/diesel cars won't be sold from 2030 onwards which is encouraging the surge in EV uptake now.
It's actually the attitude, displayed by many on here, of people adamant they don't want to move with the times and use better and ultimately cheaper technology removing our reliance on Arab Oil Sheikhs and Russian Oligarchs.
"What do I need a flushing toilet for when I can still chuck my bedpan out of the bloody window"
WHD
Striker
It looks like the government thinks our energy sector is better ran by Del Boy clones, than the government themselves.
anotherangryvoice.blogspot.com
The collapse of Avro Energy and the absolute scam that is energy sector privatisation
So far in September seven energy suppliers have already gone bust, and the industry is warning that the energy crisis could reduce the remai...
anotherangryvoice.blogspot.com
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Darlo1973
Striker
It looks like the government thinks our energy sector is better ran by Del Boy clones, than the government themselves.
The collapse of Avro Energy and the absolute scam that is energy sector privatisation
So far in September seven energy suppliers have already gone bust, and the industry is warning that the energy crisis could reduce the remai...
Would you trust this government to run anything?
Edinburgh Black Cat
Striker
They have a long term deal on their supply apparently, break even on gas/elec and make money on the rest of the bundle.
They do seem to make a profit, unlike most of the other challengers:
TEP.L - | Stock Price & Latest News | Reuters
Get Telecom Plus PLC (TEP.L) real-time stock quotes, news, price and financial information from Reuters to inform your trading and investments
www.reuters.com
AndrewP
Striker
Surely they must have a breaking point. Unless they're just a reseller for one of the big players.They have a long term deal on their supply apparently, break even on gas/elec and make money on the rest of the bundle.
They do seem to make a profit, unlike most of the other challengers:
TEP.L - | Stock Price & Latest News | Reuters
Get Telecom Plus PLC (TEP.L) real-time stock quotes, news, price and financial information from Reuters to inform your trading and investments
Loads of the bankrupt companies will have been making money until costs went up.
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b1gals
Striker
Because they are supplying more than they can generate, so buying in to make to make up their shortfall
Edinburgh Black Cat
Striker
That's the thing though. If they've hedged their supply costs then the costs haven't necessarily gone up.
I don't know the exact details obviously but theoretically it is possible.
gards2
Striker
Living in China has beem a breath of fresh air for me. NOBODY worries about utility bills. England is a little c*nt sucking on the teat of the USA, which as even bigger more retarded g*nt. It's disgusting how the UK is a pussy to America and at the same time. Shafting it's population, which is exactly what the evil American governament has done for hundrefds of years inc. assasinating it's own preseidents! A truly evil government.
anyway Mr Fish. I get your point.
edit.. There is no incentive to get people off fossil fuels, it might seem like there is but there is not. Not while another 200 trillion of oil, gas, leaves, whatever is still for sale.
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AndrewP
Striker
They would need serious money to hedge and stay competitive.
Yeah, I get that, but they will soon, unless they have bottomless supplies, which is unlikely given the value of the company.
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