Energy suppliers going to the wall

[ThunderGuts]

So ours has gone bust. Doubtless others to follow.

Apparently Ofgem will "transfer us in due course". Who knows who'll want to take on new customers and we were only a matter of months into a good fixed price deal. Bugger.

Tempted to go running and finding a better deal, but I suspect in reality there isn't such a thing and I'd be better off sitting tight to see what happens.
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TG.

[Ste]

How do we blame it on Brexit?

[ThunderGuts]

[Ste]

Could you explain?

[Nobby the Bastard]

It's actually Russia reducing produ tion which increases wholesale price. Supply a d demand etc.

A bit like opec when they reduce how many barrels of oil are produced to increase the price of oil.

In addition an interlink from the national grid to France is borked increasing demand for.electicity generated in the UK.
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trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050

[Easy-X]

I thought it was the Norway supply of gas this time?
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Husqvarna Vitpilen 401, Yamaha XSR700, Honda Rebel, Yamaha DT175, Suzuki SV650 (loan) Fazer 600, Keeway Superlight 125, 50cc turd scooter

[stinkwheel]

A problem brought about by state intervention in the market (price caps)... So obviously the solution is more state intervention.
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“Rule one: Always stick around for one more drink. That's when things happen. That's when you find out everything you want to know.”
I did the 2010 Round Britain Rally on my 350 Bullet. 89 landmarks, 3 months, 9,500 miles.

[Nobby the Bastard]

More a case the smaller supiers didn't hedge to ensure they could afford their cheap deals despite the vagaries of the market.
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trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050

[kawakid]

My fixed price deal with Octopus ends this week.

I currently pay £120 per month, new quote £240.

Double.

Great

The irony was I was emailed early August and if I had swapped then, it would have been £600 per year cheaper.

No fecking way i'm working from home anymore.
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I've a twin and a 4.

[Nobby the Bastard]

H
Meh my heating has been turned off completely for the last six months and as wife will be home anyway working from home saves me money in travel costs.
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trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050

[doggone]

Anyone paying a set amount monthly could be in credit at this time of year but it will be fun trying to get that back.
I *think* we just set up a new three year contract about a month ago - it was up a bit on previous one but now seems like a good deal (provided SSE don't go bust too )

[Nobby the Bastard]

The replacement supplier buys the debt so your overspend is safe.
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trevor saxe-coburg-gotha:"Remember this simple rule - scooters are for men who like to feel the breeze on their huge, flapping cunt lips."
Sprint ST 1050

[JackButler]

[stinkwheel]

We're assuming any of the other suppliers will actually bid on the new "customers" because they are currently selling gas at a loss because aqs far as i'm aware, the capped price is lower than the cost to supply. Then the fun really starts because the government will have to step in and the British Gas name is already taken.

I can see them having to set up a temporary state-owned holding company.

My oil tank is 3/4 full.
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“Rule one: Always stick around for one more drink. That's when things happen. That's when you find out everything you want to know.”
I did the 2010 Round Britain Rally on my 350 Bullet. 89 landmarks, 3 months, 9,500 miles.

[MCN]

Dont just blame it on brexit.

Islam has a lot to do with it too you know.

The Saudi regime and it's stranglehold on Islam and their repeated attempts at control of world energy prices.
(They keep getting things wrong though on pricing their hydrocarbons glut. Shit at poker and governance in general.)
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Disclaimer: The comments above may be predicted text and not necessarily the opinion of MCN.

[doggone]

[Feasty]

I'm with Avro who have just gone bust, their website states this and it's been on the news but otherwise I wouldn't have known a thing.

Ofgen advice is to just sit tight until a new supplier has been found, I'm fully expecting to be completely bummed and find my energy prices going through the roof very quickly.

I need to urgently start chopping down trees in the local woods and storing the logs in my garden, buy out all the real fire stoves I can find and in a years time I'll be a millionaire from my business of supplying cheaper home heating...
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Previous: Aprilia Habana Retro 50cc (beauty), Yamaha SR125 (fell apart), Honda XR125 (nippy little commuter), Honda SLR650 (Geewhizz), Yamaha Diversion 900S (Smoooooth) written off courtesy of a stupid escaped horse.
(7 year gap), BMW F650 (Relaxing ride). Aprilia Caponord ETV1000 (Big and bold). Yamaha FZS600 (got me in trouble too quick!).
Current: Yamaha TDM 900 (Comfy, light but big, power when needed).

[Tracey Suntan-King]

It’s important to take meter readings, backed by photos as soon as you hear your supplier has gone bust.

Edit: Because you may end up in a dispute about how much you owed/were owed at the point of switching to a new supplier.
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Whether you think you can, or think you can't, you're probably right

[Ribenapigeon]

[doggone]

It's interesting if you look on French version of Gridwatch - not only are they often near 90% nuclear but have a much higher total power consumption than the UK presumably because gas is far less used for domestic hot water and cooking.
https://www.gridwatch.templar.co.uk/france/

[Ribenapigeon]

[A100man]

Was with Tonik - bust. Moved to Green a few months back - now bust.


Traditionally we've had relatively cheap energy compared to some in EU..
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Now: A100, GT250A, XJ598, FZ750

Then: Fizz, RS200, KL250, XJ550, Laverda Alpina, XJ600, FZS600

[A100man]

[grr666]

God forbid anyone ends up with the gang of pirates that is Scottish Power. I’m just about to change supplier away from them
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Currently enjoying products from Ford, Mazda and Yamaha
Ste wrote: Avatars are fine, it's signatures that need turning off.

[Polarbear]