CJGJ Posted September 21, 2021 Share Posted September 21, 2021 I fail to see why customers of companies that go bust should expect the rest of us to subsidise their poor choice of supplier. Yes you had a deal but with a supplier that no longer exists and the 'supplier of last resort' should not be expected to pick up the tab. The majority have shareholders to answer to and of course they have customers already who should not have to pay more than those who get picked up by this process So they move on a standard contract and pay what the rest of us have to...of course once they have moved they can then apply for the deals available with the new supplier or move to a supplier of their choice. Given the times ensure you have an accurate meter read but also check your meter serial number and associated MPRN (gas)/MPANS (elec)............and of course when given a date of transfer ensure a read is taken and supplied.........too many just seem to think this will happen automatically..............oh and check your last/final bill from the old supplier ensuring the meter read is the same as the opening read from the new supplier Quote Link to comment Share on other sites More sharing options...
Jambo-Jimbo Posted September 21, 2021 Share Posted September 21, 2021 1 hour ago, CJGJ said: I fail to see why customers of companies that go bust should expect the rest of us to subsidise their poor choice of supplier. Yes you had a deal but with a supplier that no longer exists and the 'supplier of last resort' should not be expected to pick up the tab. The majority have shareholders to answer to and of course they have customers already who should not have to pay more than those who get picked up by this process So they move on a standard contract and pay what the rest of us have to...of course once they have moved they can then apply for the deals available with the new supplier or move to a supplier of their choice. Given the times ensure you have an accurate meter read but also check your meter serial number and associated MPRN (gas)/MPANS (elec)............and of course when given a date of transfer ensure a read is taken and supplied.........too many just seem to think this will happen automatically..............oh and check your last/final bill from the old supplier ensuring the meter read is the same as the opening read from the new supplier Well here's one that doesn't expect that and I suspect I'm not alone, if my supplier goes bust I fully expect that my bills will increase, maybe even substantially increase, that's something I expect and fully accept. Nobody has made a poor choice of supplier and to suggest that people have only makes you sound like a real sanctimonious prick, remember it's not that long ago centrica the owner of British Gas faced an uncertain future and had to cut thousands of jobs to stay in business, if it had went under, would it's 15 million customers have made a poor choice of supplier.........of course not. Quote Link to comment Share on other sites More sharing options...
Cade Posted September 21, 2021 Share Posted September 21, 2021 Privatise the profits. Socialise the losses. This is noeliberalism in action. Things like gas and electricity are national strategic resources and should be kept under Government control. Quote Link to comment Share on other sites More sharing options...
Jeffros Furios Posted September 21, 2021 Share Posted September 21, 2021 2 hours ago, CJGJ said: I fail to see why customers of companies that go bust should expect the rest of us to subsidise their poor choice of supplier. Yes you had a deal but with a supplier that no longer exists and the 'supplier of last resort' should not be expected to pick up the tab. The majority have shareholders to answer to and of course they have customers already who should not have to pay more than those who get picked up by this process So they move on a standard contract and pay what the rest of us have to...of course once they have moved they can then apply for the deals available with the new supplier or move to a supplier of their choice. Given the times ensure you have an accurate meter read but also check your meter serial number and associated MPRN (gas)/MPANS (elec)............and of course when given a date of transfer ensure a read is taken and supplied.........too many just seem to think this will happen automatically..............oh and check your last/final bill from the old supplier ensuring the meter read is the same as the opening read from the new supplier Quote Link to comment Share on other sites More sharing options...
hmfcbilly Posted September 21, 2021 Author Share Posted September 21, 2021 1 hour ago, Cade said: Privatise the profits. Socialise the losses. This is noeliberalism in action. Things like gas and electricity are national strategic resources and should be kept under Government control. Couldn't agree more. Most of us rely one if not both of these resources to power and heat our homes. We've seen the railways all practically go back to being government run, maybe its time utilities became not for profit and more about supplying folk with what is essentially a basic requirement for the vast majority of us. I won't hold my breath though! Quote Link to comment Share on other sites More sharing options...
NANOJAMBO Posted September 21, 2021 Share Posted September 21, 2021 https://www.theguardian.com/business/2017/jun/20/uk-gas-storage-prices-rough-british-gas-centrica Jim Grace @mac_puck · Sep 19Replying to @johnredwood In 2017, the Conservative Government allowed the Conservative donors, Centrica, to close down the storage facility at Rough gas field (off the coast of Yorkshire) to save a few quid for shareholders... and ditch 70% of UK's gas storage capacity. Quote Link to comment Share on other sites More sharing options...
Ked Posted September 21, 2021 Share Posted September 21, 2021 Ive read geopolitical forecasts and they seem to be coming home to roost faster than predicted. Policy making isnt keeping up. I'm not sure how we deal with it all but the current situation wont improve. Quote Link to comment Share on other sites More sharing options...
Ked Posted September 21, 2021 Share Posted September 21, 2021 57 minutes ago, NANOJAMBO said: https://www.theguardian.com/business/2017/jun/20/uk-gas-storage-prices-rough-british-gas-centrica Jim Grace @mac_puck · Sep 19Replying to @johnredwood In 2017, the Conservative Government allowed the Conservative donors, Centrica, to close down the storage facility at Rough gas field (off the coast of Yorkshire) to save a few quid for shareholders... and ditch 70% of UK's gas storage capacity. Are we not meant to be cutting these energy supplies so that we can have a liveable planet? Quote Link to comment Share on other sites More sharing options...
Tommy Brown Posted September 22, 2021 Share Posted September 22, 2021 On 20/09/2021 at 09:00, Mysterion said: Avro have been asked a couple of times for financial information to meet their license obligations. They've not complied. https://www.ofgem.gov.uk/publications/ofgem-orders-avro-energy-provide-financial-information The general info i can work out is that 4 providers have indicated they need to be shuttered and customers migrated to other providers. As another poster has commented - the only small positive is that consumers should have their credit balance transferred to the new provider. We are moving to new provider now. Get your meters read. Quote Link to comment Share on other sites More sharing options...
hughesie27 Posted September 22, 2021 Share Posted September 22, 2021 On 17/10/2020 at 13:01, hughesie27 said: Aye it wasn't really for me. We will be moving to switch or lookaftermybills 👍 We done this and moved to lookaftermybills last year. They put us onto Peoples Energy who are now bust. We have been automatically switched to British Gas but Lookaftermybills have been in touch to say that we shouldn't do anything and they'll sort us with a new supplier shortly. Will see what they come up with. Think we had been paying about £130 p/m. Quote Link to comment Share on other sites More sharing options...
jambo89 Posted September 23, 2021 Share Posted September 23, 2021 On 21/09/2021 at 20:49, NANOJAMBO said: https://www.theguardian.com/business/2017/jun/20/uk-gas-storage-prices-rough-british-gas-centrica Jim Grace @mac_puck · Sep 19Replying to @johnredwood In 2017, the Conservative Government allowed the Conservative donors, Centrica, to close down the storage facility at Rough gas field (off the coast of Yorkshire) to save a few quid for shareholders... and ditch 70% of UK's gas storage capacity. I worked on that in October 2017. To be fair, the plant was completely rundown and was not fit for purpose. Of course years of neglect and putting profit before safety will do that, but it wasn't safe to operate. Quote Link to comment Share on other sites More sharing options...
maroondevo52 Posted September 23, 2021 Share Posted September 23, 2021 We're all snookered. Quote Link to comment Share on other sites More sharing options...
Tommy Brown Posted September 27, 2021 Share Posted September 27, 2021 Email this morning fro Octopus Energy stating they are taking over my Avro account. Pleased with that. Out of interest are you the same @Mysterion Quote Link to comment Share on other sites More sharing options...
Mysterion Posted September 27, 2021 Share Posted September 27, 2021 5 minutes ago, Tommy Brown said: Email this morning fro Octopus Energy stating they are taking over my Avro account. Pleased with that. Out of interest are you the same @Mysterion Hey - yeah we all got moved to Octopus, i had an email from them yesterday. There's a further update due from 12pm today. Just waiting to find out the tariff now so i can see what the cost increase will be. Here's the last 2yrs costs and the % increase. Quote Link to comment Share on other sites More sharing options...
Mysterion Posted September 27, 2021 Share Posted September 27, 2021 Octopus have updated their info page. There may be a further update for 5pm today. https://octopus.energy/avro/ Quote Link to comment Share on other sites More sharing options...
milky_26 Posted September 29, 2021 Share Posted September 29, 2021 another three companies going bust today https://www.bbc.co.uk/news/business-58732683 Enstroga, Igloo Energy and Symbio Energy Quote Link to comment Share on other sites More sharing options...
Jambo-Jimbo Posted September 29, 2021 Share Posted September 29, 2021 1 hour ago, milky_26 said: another three companies going bust today https://www.bbc.co.uk/news/business-58732683 Enstroga, Igloo Energy and Symbio Energy Heard of Igloo but the other two, nope never heard of them. Quote Link to comment Share on other sites More sharing options...
Jambo-Jimbo Posted October 13, 2021 Share Posted October 13, 2021 (edited) Another two away today. Pure Planet with 235k customers and Colorado Energy with 15k. https://www.bbc.co.uk/news/business-58903122 There was another 3 companies who had been in contact with OFGEM and may be the next to fold. Edited October 13, 2021 by Jambo-Jimbo Quote Link to comment Share on other sites More sharing options...
Dirty Deeds Posted October 13, 2021 Share Posted October 13, 2021 1 hour ago, Jambo-Jimbo said: Another two away today. Pure Planet with 235k customers and Colorado Energy with 15k. https://www.bbc.co.uk/news/business-58903122 There was another 3 companies who had been in contact with OFGEM and may be the next to fold. And this looks like very bad news for 18 other suppliers https://www-bloombergquint-com.cdn.ampproject.org/c/s/www.bloombergquint.com/amp/onweb/glencore-backed-u-k-gas-shipper-cng-is-exiting-wholesale-market Quote Link to comment Share on other sites More sharing options...
Jambo-Jimbo Posted October 14, 2021 Share Posted October 14, 2021 13 hours ago, Dirty Deeds said: And this looks like very bad news for 18 other suppliers https://www-bloombergquint-com.cdn.ampproject.org/c/s/www.bloombergquint.com/amp/onweb/glencore-backed-u-k-gas-shipper-cng-is-exiting-wholesale-market According to the Sky News article below, it's mainly going to affect small & medium sized businesses rather than households, however none of this is good news and there will be a knock-on effect to the whole energy industry. 'Sky News has learnt that advisers to CNG Group are seeking offers for the arm of its operations which directly supplies more than 40,000 small and medium-sized businesses by the end of the week.' https://news.sky.com/story/glencore-backed-cng-underpins-deepening-energy-crisis-as-it-seeks-bids-within-days-12433173 The 18 suppliers quoted in the Bloomberg article, doesn't mention whether that's 18 different suppliers from the number of the suppliers who have already went bust, which has forced the CNG group into the position it currently finds itself in. It doesn't really matter, as things are grim and will only get grimmer for a lot of households/businesses in the coming weeks & months. Quote Link to comment Share on other sites More sharing options...
Darren Posted October 14, 2021 Share Posted October 14, 2021 16 hours ago, Jambo-Jimbo said: Another two away today. Pure Planet with 235k customers and Colorado Energy with 15k. https://www.bbc.co.uk/news/business-58903122 There was another 3 companies who had been in contact with OFGEM and may be the next to fold. I just paid off a bill with Pure Planet for the first few weeks in our new house. Hopefully that good Karma means our current supplier stays afloat (doubtful). Stick with whoever you get moved to for the foreseeable future if your supplier does go bust - standard tariffs are the cheapest on the market just now. Quote Link to comment Share on other sites More sharing options...
Jambo-Jimbo Posted October 14, 2021 Share Posted October 14, 2021 Daligas Ltd has ceased trading today, they had around 9,000 customers. Quote Link to comment Share on other sites More sharing options...
1971fozzy Posted October 14, 2021 Share Posted October 14, 2021 On 21/09/2021 at 18:59, Cade said: Privatise the profits. Socialise the losses. This is noeliberalism in action. Things like gas and electricity are national strategic resources and should be kept under Government control. To buy back Electricity and gas and (may as well include) telecoms would cost more than you could imagine. And who would that cost be passed on to ? When we are already facing NI increases and no doubt tax increases to come. Absolute zero chances of that happening. Quote Link to comment Share on other sites More sharing options...
Taffin Posted October 14, 2021 Share Posted October 14, 2021 6 minutes ago, 1971fozzy said: To buy back Electricity and gas and (may as well include) telecoms would cost more than you could imagine. And who would that cost be passed on to ? When we are already facing NI increases and no doubt tax increases to come. Absolute zero chances of that happening. A good powerful state would simply take them back and unite the workers. Rule with an iron fist. Quote Link to comment Share on other sites More sharing options...
1971fozzy Posted October 14, 2021 Share Posted October 14, 2021 1 minute ago, Taffin said: A good powerful state would simply take them back and unite the workers. Rule with an iron fist. 👍🤣 We are a bit away from being North Korea thank god Quote Link to comment Share on other sites More sharing options...
Taffin Posted October 14, 2021 Share Posted October 14, 2021 8 minutes ago, 1971fozzy said: 👍🤣 We are a bit away from being North Korea thank god God? I think you mean 'Dear Leader'... 😂 Quote Link to comment Share on other sites More sharing options...
Cade Posted October 14, 2021 Share Posted October 14, 2021 Buy back? They're all going bust! Get em cheap. Quote Link to comment Share on other sites More sharing options...
Japan Jambo Posted October 15, 2021 Share Posted October 15, 2021 On 14/10/2021 at 19:55, Cade said: Buy back? They're all going bust! Get em cheap. in the rush to create competition the regulator has allowed some fairly week companies into the market. while I get the argument for competition it mush at least be credible and funded. Had a look at the provider I use and was actually pretty shocked. Quote Link to comment Share on other sites More sharing options...
ri Alban Posted October 16, 2021 Share Posted October 16, 2021 4 hours ago, Japan Jambo said: in the rush to create competition the regulator has allowed some fairly *week companies into the market. while I get the argument for competition it mush at least be credible and funded. Had a look at the provider I use and was actually pretty shocked. * About time people worked 7 days. Quote Link to comment Share on other sites More sharing options...
ri Alban Posted October 16, 2021 Share Posted October 16, 2021 Compulsory purchase. Well have you seen the offers they hit ex council home owners with. And without betting an eyelid. On 14/10/2021 at 17:27, 1971fozzy said: 👍🤣 We are a bit away from being North Korea thank god On 14/10/2021 at 17:23, Taffin said: A good powerful state would simply take them back and unite the workers. Rule with an iron fist. Quote Link to comment Share on other sites More sharing options...
ri Alban Posted October 16, 2021 Share Posted October 16, 2021 Quote Link to comment Share on other sites More sharing options...
jambo89 Posted October 16, 2021 Share Posted October 16, 2021 On 14/10/2021 at 17:15, 1971fozzy said: To buy back Electricity and gas and (may as well include) telecoms would cost more than you could imagine. And who would that cost be passed on to ? When we are already facing NI increases and no doubt tax increases to come. Absolute zero chances of that happening. You know that when comapnies take over other companies, they don't usually just 'buy' them outright. They aren't sitting there with a pile of cash in the banl to buy them over. Quote Link to comment Share on other sites More sharing options...
1971fozzy Posted October 16, 2021 Share Posted October 16, 2021 (edited) 2 hours ago, jambo89 said: You know that when comapnies take over other companies, they don't usually just 'buy' them outright. They aren't sitting there with a pile of cash in the banl to buy them over. 🤣 literally there is no point in even trying to explain to you but you made me chuckle 🤣 Edited October 16, 2021 by 1971fozzy Quote Link to comment Share on other sites More sharing options...
jambo89 Posted October 16, 2021 Share Posted October 16, 2021 32 minutes ago, 1971fozzy said: 🤣 literally there is no point in even trying to explain to you but you made me chuckle 🤣 Good stuff! You crack on thinking the governement couldn't afford 🤣 to nationalise utilites. Quote Link to comment Share on other sites More sharing options...
1971fozzy Posted October 16, 2021 Share Posted October 16, 2021 41 minutes ago, jambo89 said: Good stuff! You crack on thinking the governement couldn't afford 🤣 to nationalise utilites. Here’s some news for you. The government has no money. Zero. Have you any idea of the debt ? There’s a reason our National Insurance is going up and income tax will be shortly. Can I ask where you think the government will get the billions required ? A money tree ? I work for a utility and have done since 1988 pre privitisation and if you think for a minute that the prices would go down for you and I then think again. These industries need billions invested as we need to conform to climate change. Here’s some news as well. The infrastructures aren’t owned by U.K. companies. Quote Link to comment Share on other sites More sharing options...
jambo89 Posted October 16, 2021 Share Posted October 16, 2021 (edited) 10 minutes ago, 1971fozzy said: Here’s some news for you. The government has no money. Zero. Have you any idea of the debt ? There’s a reason our National Insurance is going up and income tax will be shortly. Can I ask where you think the government will get the billions required ? A money tree ? I work for a utility and have done since 1988 pre privitisation and if you think for a minute that the prices would go down for you and I then think again. These industries need billions invested as we need to conform to climate change. Here’s some news as well. The infrastructures aren’t owned by U.K. companies. Same place they got the money for HS2, Furlough etc. 'Here's some news for you', the governement has never repid any of it's debt, it has only ever increased. That's not how it works. If the world governements stopped borrowing money, the world would collapse. Edited October 16, 2021 by jambo89 Quote Link to comment Share on other sites More sharing options...
1971fozzy Posted October 16, 2021 Share Posted October 16, 2021 1 minute ago, jambo89 said: Same place they got the money for HS2, Furlough etc. 'Hers's some news for you', the governement has never repid any of it's debt. That's not how it works. If the world governements stopped borrowing money, the world would collapse. good grief - I’m out. Quote Link to comment Share on other sites More sharing options...
jambo89 Posted October 16, 2021 Share Posted October 16, 2021 21 minutes ago, 1971fozzy said: good grief - I’m out. A true loss for economics Quote Link to comment Share on other sites More sharing options...
1971fozzy Posted October 16, 2021 Share Posted October 16, 2021 4 minutes ago, jambo89 said: A true loss for economics as you are for spelling 🤣 Quote Link to comment Share on other sites More sharing options...
jambo89 Posted October 16, 2021 Share Posted October 16, 2021 2 minutes ago, 1971fozzy said: as you are for spelling 🤣 You should really start with a captial letter when starting a new sentence. Quote Link to comment Share on other sites More sharing options...
Jambo-Jimbo Posted October 18, 2021 Share Posted October 18, 2021 (edited) Goto energy is the latest company to go bust, they had around 22k customers. https://www.bbc.co.uk/news/business-58959620 Edited October 18, 2021 by Jambo-Jimbo Quote Link to comment Share on other sites More sharing options...
Mysterion Posted October 18, 2021 Share Posted October 18, 2021 Found out the new tariff info with Octopus. Comparing it to Avro's last tariff it's a 48% increase for Gas and 25% increase in Electric. Standing charges are up for both fuels adding 18% to one fuel, 24% for another. Now looking at it a little differently - comparing the new tariff to the tariff i was on 2yrs ago the cost of gas is up 67% and electric 57% Quote Link to comment Share on other sites More sharing options...
ri Alban Posted October 19, 2021 Share Posted October 19, 2021 On 16/10/2021 at 09:27, jambo89 said: Same place they got the money for HS2, Furlough etc. 'Here's some news for you', the governement has never repid any of it's debt, it has only ever increased. That's not how it works. If the world governements stopped borrowing money, the world would collapse. Paid back the debt to the USA , they loaned after WW2. Took them 75 years. But still. Quote Link to comment Share on other sites More sharing options...
ri Alban Posted October 19, 2021 Share Posted October 19, 2021 On 16/10/2021 at 10:02, jambo89 said: You should really start with a captial letter when starting a new sentence. Nae full stoap, either. Quote Link to comment Share on other sites More sharing options...
jambo89 Posted October 19, 2021 Share Posted October 19, 2021 (edited) 21 minutes ago, ri Alban said: Paid back the debt to the USA , they loaned after WW2. Took them 75 years. But still. Wish I could take a loan out over 75 years. Edited October 19, 2021 by jambo89 Quote Link to comment Share on other sites More sharing options...
ri Alban Posted October 19, 2021 Share Posted October 19, 2021 22 minutes ago, jambo89 said: Wish I could take a loan out over 75 years. Me anaw Quote Link to comment Share on other sites More sharing options...
Harry Potter Posted October 19, 2021 Share Posted October 19, 2021 3 hours ago, ri Alban said: Me anaw Imagine the interest😕. Quote Link to comment Share on other sites More sharing options...
Cade Posted October 19, 2021 Share Posted October 19, 2021 Interest on the Anglo-American loan was 2%. $7.5billion from the USA and a further $2billion from Canada. The convertability clause led to Sterling being devalued (from $4.02 to $2.80 in just 1949 alone) and caused the UK austerity of the 1950s. Quote Link to comment Share on other sites More sharing options...
Jambo-Jimbo Posted October 19, 2021 Share Posted October 19, 2021 5 hours ago, jambo89 said: Wish I could take a loan out over 75 years. Some of it was in the form of bonds with no maturity date, effectively pay them off when you can (of course interest charged until you do so), as was the case in 2014 when the UK paid off it's WWI debt but also the debt from the South Sea Bubble of 1720 (not a typo). WWII debt was paid off in 2006. https://www.aljazeera.com/economy/2020/6/10/decades-of-debt-uks-finance-chief-told-to-make-gradual-pay-offs Quote Link to comment Share on other sites More sharing options...
jambo89 Posted October 19, 2021 Share Posted October 19, 2021 (edited) 1 hour ago, Jambo-Jimbo said: Some of it was in the form of bonds with no maturity date, effectively pay them off when you can (of course interest charged until you do so), as was the case in 2014 when the UK paid off it's WWI debt but also the debt from the South Sea Bubble of 1720 (not a typo). WWII debt was paid off in 2006. https://www.aljazeera.com/economy/2020/6/10/decades-of-debt-uks-finance-chief-told-to-make-gradual-pay-offs Interesting about the South Sea bubble. Had never heard of that and that's my afternoon reading sorted. My original point was, if i have a debt of say £1 million on a credit card and I pay that credit card off, but in the meantime have accumulated a further £2 million in debt from another loan, I haven't really 'paid off my debts'. I realise it's not as simple as that, but interesting nontheless Edited October 19, 2021 by jambo89 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.