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Energy supplier has went bust


hmfcbilly

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Jambo-Jimbo

The energy supplier Green which serves about 250k customers is facing adminstration, this looks to be the first of the 4 that was expected to fold this week going bust.

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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

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Jambo-Jimbo
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.

 

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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.

 

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Jeffros Furios
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

:jj_facepalm:

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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!

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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.

 

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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.

 

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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?

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Tommy Brown
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.

Screenshot_20210922-183442_Chrome.jpg

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hughesie27
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.

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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.

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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. 

image.thumb.png.b930899ee6567c6a24ab43e38a07abdb.png

 

 

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  • 2 weeks later...
Dirty Deeds
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

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Jambo-Jimbo
13 hours ago, Dirty Deeds said:

 

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.

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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.

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1971fozzy
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. 

 

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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.

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1971fozzy
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

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8 minutes ago, 1971fozzy said:


👍🤣  We are a bit away from being North Korea thank god

 

God? I think you mean 'Dear Leader'...

 

😂

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Japan Jambo
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.

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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.

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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.

 

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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.

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1971fozzy
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 by 1971fozzy
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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.

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1971fozzy
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. 

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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. 

 

:rofl: 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 by jambo89
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1971fozzy
1 minute ago, jambo89 said:

 

:rofl: 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.

 

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21 minutes ago, 1971fozzy said:


good grief -  I’m out.

 

 

A true loss for economics :sad:

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1971fozzy
4 minutes ago, jambo89 said:

 

A true loss for economics :sad:


as you are for spelling 🤣

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2 minutes ago, 1971fozzy said:


as you are for spelling 🤣

 

You should really start with a captial letter when starting a new sentence. :embarassed:

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Mysterion

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%

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On 16/10/2021 at 09:27, jambo89 said:

 

:rofl: 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.

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On 16/10/2021 at 10:02, jambo89 said:

 

You should really start with a captial letter when starting a new sentence. :embarassed:

Nae full stoap, either. :yadayada:

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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 by jambo89
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22 minutes ago, jambo89 said:

 

Wish I could take a loan out over 75 years.

Me anaw :D

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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.

 

 

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