The energy crisis
This one stuffs me as it means my bills will almost double 6 months earlier than I had hoped. It will stuff a lot of people tbh
https://www.moneysavingexpert.com/ne...thing-you-nee/ |
Re: Avro and Green Cease Trading
I suspect I'll be needing to update the thread title before too long ... these may be the first to go to the wall thanks to the runaway price of wholesale gas, but they're unlikely to be the last.
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We'll soon be at net zero once no one can afford to turn on the lights and heating.
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Its all come at a bad time for me, my (very good) deal with ESB expires in October.
I'm looking at a move to Bulb (Yes, I am aware they are suffering as well) but atm, they look one of the better choices, everyones deals have rocketed. |
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I left Avro in July and they were due to refund my credit balance of £250 last week. Of course that payment never arrived and when I contacted them on Tuesday they advised I'd receive it by the end of this week. I switched to PFP, who went bust a couple of weeks ago. I have a credit balance of £150 with them :banghead:
I'm now being switched to British Gas as the supplier of last resort. I'm sticking with them as a big brand that hopefully won't go bust anytime soon. It doesn't sound as though many of the challenger brands will be around by the end of winter. |
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I’m with “look after my bills” and just switch to Green last month. Luckily I got my credit rebate back from the previous supplier so I’m not out any money. The only decision I have to make now is to cancel my DD? Which I think I will do. I’m not going to get cut off. I’ll take a meter reading in the morning and cancel my DD and await further instructions.
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Bulb is still very good for me compared to when I was on Eon.
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No, I don't think they can force one as a supplier of last resort as I've not agreed to one. I'm sure they will be keen to install one and start pestering me at some point though.
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Info from OFGEN for those affected.
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If you're eligible, you might be able to claim £140 towards your winter energy bills. Here's a list of suppliers that let you apply for it. The Warm Home Discount...
List of suppliers |
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Privatise the profits, nationalise the losses. Capitalism in action.
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The best deals I found searching would cost me over £600 more a year. And I'm on BG standard variable. 50% rise - no thanks. Before smart metre the gap would have been even bigger. That piece of junk added 30% to leccy bills.
We have a half container of coal, need logs though. |
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I'm going to complete the move to Bulb for now.
The first payment they want is ridiculously low, so I'll go with that. The comparison sites seem to indicate that while they are not strictly the best, the few slightly better ones all seem to be smaller companies. (So most likely in equal danger of collapsing). There is no exit fee so I can always move again if I find it advantagous to do so. |
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All the emphasis is on gas prices, but electricity was about 5 times more expensive than gas a few weeks ago. And around 40% of the UK's electricity comes from gas.
And they want us to have gas-free homes, and electric cars? |
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https://inews.co.uk/news/energy-prov...-homes-1211216 ---------- Post added at 20:31 ---------- Previous post was at 20:22 ---------- Quote:
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It's all working very well, the private energy market, isn't it? A good time to cut Universal Credit and increase taxes. Happy Xmas from the Tories plebs! |
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That’s how runs on banks start. |
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However, I will pop into Tesco and buy a bulk load of toilet roll too, just in case |
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Indeed there’s plenty of suppliers, I just doubt anyone banked on 10% of BPs customers plus any residual stockpiling. If it’s not resolved quickly with increased supply then there will inevitably be a domino effect to other suppliers over time.
The 1999 fuel strikes showed just how precarious the supply chains were. |
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Lots of people working from home = less cars running to the office & back daily.
100K lorry drivers gone AWOL = far fewer wagons running up & down the motorways. Result = fuel shortage :D One of the warmest summers for a while. Many offices closed due to home working therefore saving on gas & electric. Shops closing all over as we move to online shopping, another saving of gas & electric. Result = gas shortage :D . . . strangely no hosepipe ban for years though? |
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Same reason we have a record number in low paid vacancies in the country, no one wants to do these crappy jobs. We assumed someone else would do them, they did, but no more. Little Britain and its ageing population is going to wither away I'm afraid. |
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https://www.theguardian.com/business...force-closures
Oh dear oh dear. Care homes warning of closures now from high energy prices. Where’s their entrepreneurial spirit? Do the big six energy providers not take that as payment these days? |
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Sigh. This is beginning to look an awful lot like trolling. I’m going to give you 30 minutes to cite something that actually backs up that assertion or else remove it. There is a line between healthy debate and pot-stirring and you are teetering over it.
To be clear, this is a moderation instruction and is not up for debate. |
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Clickbait from MSN.com, covid has played a bigger part in this.
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90% of media stuff is clickbait . . . and spreads like oil on water.
As for care homes closing . . are these the same private care homes that have been raking money in hand over fist for the last 20 years or so? |
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---------- Post added at 10:27 ---------- Previous post was at 10:16 ---------- Grant Schapps with all the credibility of George Bailey at the Buildings and Loans https://www.bbc.co.uk/news/business-58673567 |
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The comfortable ride for many has hit the toll roads, the gravy train now leaving platform 6 is empty, and the stage appears to be full of large bosomed ladies singing arias. Could be worse, you could be a Derby fan :D |
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https://ukerc.ac.uk/news/cost-of-gas-by-default/
So a slight adjustment on the storage figures quoted on the msn article 6% U.K. storage vs 20% for France, Germany & Italy Whilst nobody could have foreseen the aftershocks that the covid 19 pandemic would cause. The question does need to be asked why is a government not concerned when one storage facility that held 70% of our reserves is shut down. |
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Avro customers are being moved to Octopus which scuppers my plans to get the £50 referral off them gits
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Maybe we should ask why we dont have government storage facilities instead of just private, who are perfectly entitled to shut them down as they see fit.
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I made no such decision . . did you? ;)
Anyway, when 3/4 of the UK is owned by foreign companies, what can you expect when things get tough :D |
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I never thought we'd agree on these forums but as Carth, papa and I discussed recently infinite monkey theorem does leave scope for many things however unlikely. |
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We were with Avro Energy who are being taken over by Octopus, we were paying £72 per month, we have now been quoted £138.63pm, that is almost double! Shocking considering we live in a small 2 bed bungalow.:(
Does anyone know if I have to wait to be supplied by Octopus or can I switch to another supplier before then? |
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Here's what Ofgem says
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Unfortunately, I don't think there's going to be any amazing energy deals out there at the moment until wholesale prices fall. Time to buy shares in loft insulation, solar panel and curtain manufacturers. |
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Too late Mr K, took best deal from Bulb at £107 per month. Even that is £35 per month more. |
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Germany has a large independently owned storage capacity, but their prices are also going up.
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Igloo Energy, Symbio Energy and Enstroga cease trading
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Probably a good time to invest in companies making thermal undies. :D
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Might open up the fireplace and get the chimney swept . . . I either get affordable heat & light or the environment gets it :D
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Re: Energy companies collapse
I got an email from Bulb this week trying to increase my direct debit by about £25 a month and waffling on about protecting my account credit against higher winter energy bills. This despite my account already being about £250 in credit, which is more than twice what I actually spend on electricity per month.
For any house that is lit by LED bulbs and heated by anything other than electricity the old adage that you spend a lot more on electricity in the winter no longer holds true. You certainly do spend more, but the difference is not as big, and the stuff that draws power in your house is likely to be in equal use all year round (your router, your games console, your multi-USB charger station, etc). If you have electric showers and an electric cooker then these are the real biggies and their usage will be the same year round. Actually in our house, running a B&B, those things were more used in the summer than winter. Anyhoo … I went into my account online and reduced the direct debit back to the minimum they would allow, which is now a mere £10 per month more. I will be keeping a close eye on my credit level with them and if it goes up over the next 2 months I will have to contact them directly and insist they reduce the direct debit further. At the moment I can’t shake the feeling that they are more interested in improving their cash flow than in the health of my account. |
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Agreed - that's why I left them (I was in credit by £100+ as well).
Went to Shell for the same amount I was on at Bulb (£122 per month, which Bulb had wanted to increase by around £20), and since then, Shell have reduced my DD by £15 (and I get 3% off the price of up to 60 litres of petrol per month). |
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https://www.cleanenergywire.org/news...t-media-report |
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When I logged into my Bulb account the other day a message popped up saying they suggest i increase my direct debit from £73 to £93 but I won't as I am around £160 in credit.
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There is no fee to leave bulb.
Shell were another option I looked at. You can move supplier every 28 days if you want. So if bulb start getting silly, or expensive, I'll move. |
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Rumours are just that.
As it stands, Bulb disagree Quote:
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Luckily I was with GOTO until a few weeks ago and left them to go to Green. I was £1200 in credit with GOTO and got it all back. I was only with Green for 4 weeks before they went under. |
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If you’re happy with that proposition, then why not just have one price for every commodity? Forget brands, just tins with white labels that simply say “soup” on them, no need for Heinz, Baxter’s or Batchelors or Tesco’s own. Let’s just have make and model of car………and call it a Lada for old times sake. Choice is overrated, we just need one of everything, that’ll be much simpler. Drink vodka, be happy. |
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The same isn’t true of the energy market and they’re all relying on the taxpayer to underwrite failure. Unlike a distillery making a diverse range of Vodka brands. |
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Go on I'll say it. Nationalise it, with the same price for everyone rich or poor, Shetlands or Cornwall, paying the same rates. The railways are going that way so why not energy? Tragedy of the current system is that the poorest with pre-payment meters pay most. Dickens would have had a field day... |
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I honestly don't think six is a bad number of companies to have in the market. And new entrants like Octopus and First Energy (acquired by Shell) have demonstrated that it is possible to succeed against the incumbents. |
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The state can provide all your communication needs, and we say you will get 55kps. And like it. I am open to a discussion on certain sectors being tighter regulated (not necessarily nationalised) |
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Difficult for me to use my own figures as my supplier(SSE) has made a right mess of them. I have 4 different rates mentioned for my electric for the past 6 months, the lowest of which is on the smart meter device. That hasn't changed overnight, although the standing charge has. If I was on PAYG, that would be the cheapest option by far. Whether that cheap rate ends up being the one used on bills is another matter. I changed from PAYG to credit a matter of months ago. The PAYG rate(£17.99) was lower than the credit rate(£18.55) used. Might've been a bad idea to change from PAYG, as it looks like I would still be paying the cheap £17.99KWh rate. |
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I went to bed paying 12p per kwh for electricity and 2.6p per kwh for gas.
I got up today paying 22p per kwh for electricity and 4.4p per kwh for gas. Plus the standing charges of course. |
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Wow!
I currently (until June 22) pay 16.467p per kWh for electricity & 3.182p per kWh for gas (plus standing charges). |
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When the wholesale price of gas has done this:
https://www.cableforum.uk/board/atta...6&d=1633080410 Many customers on fixed price deals and the rest with a price cap make suppliers business models obsolete overnight. There's speculation that the next one to go under may be too big for the remaining ones to absorb their customers. Attachment 29266 |
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You'd think that with all the benefits that Double/Triple Glazing, Loft Insulation and Cavity Wall Insulation bring to homes, gas usage would be falling like a brick . . more so given the newer power generating technologies in place (wind turbines, solar power), so who's using it all?
Is the domestic customer paying the price for ever expanding business usage? |
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https://www.cableforum.uk/board/atta...0&d=1597753302 :erm: |
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Was just a thought (retired, too much time etc) that maybe the rapid automation of production/manufacturing processes was leading to us chasing our tails ;)
edit: aaah yes, gas flow diverted to Asia, just in time for the Christmas rush in cheap tat |
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All the articles on the price cap always refer to households with 'average' energy use.
What is the definition of "average use" - how many actual KWH ? |
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https://assets.publishing.service.go...ology-note.pdf I am sure many people use comparison sites, I use the MSE comparison site which uses my actual yearly usage to provide a more errr accurate guesstimation of what it would cost between the different suppliers. I refuse to class myself as part of an average family unit.:D |
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I simply want to know what they base it on, so I can see how far above average my useage is, and therefore calculate roughly the maximum I should be paying.
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---------- Post added at 15:22 ---------- Previous post was at 15:16 ---------- If they are true, then my electricity use is about average (except my Standard/E7 split, I use more Day, less Night). My Gas usage is definitely over average. |
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OK my brain is complaining I have feeling that the twaddle I've just posted is beyoung understanding. :D, so I'm going to lie down in a dark room and just be glad I don't need to revisit this conundrum ever, ever again. :) |
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