Energy Suppliers who have gone out of business.

Money, investing, mutuals etc
macliam
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Re: Energy Suppliers who have gone out of business.

Post by macliam » Wed Dec 01 2021 9:21pm

macliam wrote:
Mon Nov 22 2021 3:33pm
I am with Bulb. Luckily, I just managed to reclaim £500 surplus credit from them (still leaving £300 surpus), but I had a missed appointment to fit smart meters which "should" have resulted in a payment, but may now get "forgotten" (the payment is a derisory £30, but better in my pocket than theirs!).

Now it's a case of seeing what will happen...... but it's a marker to anyone on one of the smaller companies that they are far from safe.
I was wrong, a check on my account found that the £30 had indeed been credited - so Bulb was functioning correctly right up to the end.....
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Re: Energy Suppliers who have gone out of business.

Post by Richard Frost » Fri Dec 03 2021 6:39pm

Richard Frost wrote:
Wed Dec 01 2021 3:44pm
Entice Energy and Orbit Energy, which have about 5,400 and 65,000 customers respectively, ceased trading last week. Scottish Power have been appointed to take on supplying Entice Energy and Orbit Energy’s combined total of approximately 70,400 domestic customers.
https://www.ofgem.gov.uk/publications/o ... bit-energy

Zog Energy with around 11,700 customers ceased trading today. https://www.ofgem.gov.uk/publications/o ... zog-energy
Ofgem appoints EDF to take on customers of Zog Energy Ltd

https://www.ofgem.gov.uk/publications/o ... 1B,V5PO3,1

EDF are major suppliers are doing quite well in increasing their customer numbers during this fiasco.

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Re: Energy Suppliers who have gone out of business.

Post by Richard Frost » Tue Jan 18 2022 5:49pm

Together Energy Retail Ltd and its subsidiary Bristol Energy has today announced it is ceasing to trade.

https://www.ofgem.gov.uk/publications/o ... retail-ltd

Richard Frost
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Re: Energy Suppliers who have gone out of business.

Post by Richard Frost » Tue Jan 25 2022 3:32pm

Richard Frost wrote:
Tue Jan 18 2022 5:49pm
Together Energy Retail Ltd and its subsidiary Bristol Energy has today announced it is ceasing to trade.

https://www.ofgem.gov.uk/publications/o ... retail-ltd
British Gas has been appointed as supplier of last resort

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Re: Energy Suppliers who have gone out of business.

Post by Sarah » Thu Feb 03 2022 1:51pm

Martin Lewis wrote:The price cap will rise by 54% on 1 April lasting until 1 October. For someone on typical bills that's a rise from £1,277 to £1,971/yr - just under £700.
https://twitter.com/MartinSLewis/status ... 8ASYcu6jqg

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Re: Energy Suppliers who have gone out of business.

Post by macliam » Thu Feb 03 2022 4:09pm

Sarah wrote:
Thu Feb 03 2022 1:51pm
Martin Lewis wrote:The price cap will rise by 54% on 1 April lasting until 1 October. For someone on typical bills that's a rise from £1,277 to £1,971/yr - just under £700.
https://twitter.com/MartinSLewis/status ... 8ASYcu6jqg
................ and Sunak mortgages our futures to the market - a lump sum this year to be paid for over the next five years.

No mention of a windfall tax on companies who have quadrupled their profits.... that would "hurt investment" (translation, our supporters might get back more from their shares than the increase everyone else is paying)

I hope association with Johnson burns his career to the core.
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Just because I'm paranoid, it doesn't mean they're not out to get me

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Re: Energy Suppliers who have gone out of business.

Post by Sarah » Fri Feb 04 2022 12:15pm

Winston Smith wrote:The VAT on the average household utility bill will be about £200 pa

Rishi is lending us £200.

It’s basically a VAT deferral scheme.
https://twitter.com/winssmith1984/statu ... MegQv5Si3A

Image

https://twitter.com/milneorchid/status/ ... MegQv5Si3A
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Re: Energy Suppliers who have gone out of business.

Post by expressman33 » Sat Feb 05 2022 3:00pm

macliam wrote:
Thu Feb 03 2022 4:09pm

................ and Sunak mortgages our futures to the market - a lump sum this year to be paid for over the next five years.
Someone buying a house in December won't get the £200 rebate will will have to pay £40 for 5 years
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Re: Energy Suppliers who have gone out of business.

Post by Richard Frost » Sat Feb 05 2022 3:30pm

expressman33 wrote:
Sat Feb 05 2022 3:00pm
macliam wrote:
Thu Feb 03 2022 4:09pm

................ and Sunak mortgages our futures to the market - a lump sum this year to be paid for over the next five years.
Someone buying a house in December won't get the £200 rebate will will have to pay £40 for 5 years
The mechanics of how the scheme will work have not yet been announced/worked out. So I am not sure how you know that. According to the Paul Lewis Money Box programme today on Radio 4 and to this article
Rishi Sunak announced a repayable £200 discount on bills for homes in England, Wales and Scotland from October.

The exact mechanics of how this will be knocked off the bills, and repaid over the subsequent five years, have yet to be explained in detail.

However, you are expected to have to pay instalments of £40 in each of the five years from April 2023 through your bill. This indicates there is no interest to be paid.
The support announced by the chancellor on Thursday covers people who use pre-payment meters too.

The process of giving you the temporary discount on bills is a little more complex - the details are still to be ironed out.

In all likelihood, anyone on a newer "smart" pre-payment meter will get the funds transferred automatically.

About two million people are on old-style pre-payment meters. They will probably need to redeem a voucher.
https://www.bbc.co.uk/news/business-60258670

I am aware that the other Martin Lewis from moneysaving expert.com is saying in a video what you have repeated. But he is also a bit premature.

The government has until October to elaborate on their plans. There is still a lot more information to come and speculation before the details have been announced does not help at all. What you say may or may not come to pass. But there is no information in the public domain apart from speculation to back it up as yet that I am aware of. Also to come is the detail on what happens when people move supplier.

There is no doubt that it is an ill-baked half thought out scheme by this current incompetent government. Also that it is a (compulsory) loan rather than a rebate as announced by Rishi Sunak.

Announcements followed some time later by the details of how schemes work seems to be the order of the day
Last edited by Richard Frost on Sat Feb 12 2022 11:33am, edited 1 time in total.
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expressman33
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Re: Energy Suppliers who have gone out of business.

Post by expressman33 » Wed Feb 09 2022 11:36am

Richard Frost wrote:
Sat Feb 05 2022 3:30pm

I am aware that the other Martin Lewis from moneysaving expert.com is saying in a video what you have repeated. But he is also a bit premature.
"Other Martin Lewis " ? - They are both one and the same - here is the video https://www.youtube.com/watch?v=ScY2duu4gdU&t=40s

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