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Old 28-11-2021, 13:50   #313
1andrew1
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Re: Energy companies collapse

Quote:
Originally Posted by nomadking View Post
Octopus is not just an energy company, and so has additional resources available from other parts of the group. In specialising in renewable energy it has taken away the availability of renewable energy from others. It is not subject to the real world of energy generation using gas, which is the source of the problems. Germany has learnt that you can't rely on renewable energy. That is a part of why their increased demand pushed up gas prices.
If Octopus didn't rely on renewables, then they also would be in trouble.
No valid comparison can be made.
Fumdamentally flawed assumptions. Octopus is a dual fuel company so buys and sells electricity and gas like its peers, so faces the same challenges. It's been better at Bulb by doing what competitors like Shell Energy have done - buying energy in advance to match customers' tariffs.
Octopus has a small sideline in renting electric vehicles, Bulb has a small sideline in billing software. Neither is significant.
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