Energy Suppliers

el_dazza · 30 Sep 2021 at 12:15

Awesome, that's both my suppliers gone within the space of 3 weeks.

Trifid · 30 Sep 2021 at 12:15

MissChief said:
They’re a multinational company with other income sources, not just the UK. Reckon they can ride out this storm.

That depends on if they want to ride out the storm. It certainly sounds like they want to though.

IceBear · 30 Sep 2021 at 12:19

IvanDobskey said:
I'm fully expecting octopus to go next. Then I'll have four energy companies hanging on to my money...

Would OFGEM appoint them as new supplier if that was the case ?
I sure hope not.

Journey · 30 Sep 2021 at 12:22

IvanDobskey said:
I'm fully expecting octopus to go next. Then I'll have four energy companies hanging on to my money...

Not gonna happen, Octopus are now worth more than British Gas, and are getting bigger at a very rapid rate in many sectors.

IvanDobskey · 30 Sep 2021 at 12:23

IceBear said:
Would OFGEM appoint them as new supplier if that was the case ?
I sure hope not.

I certainly hope you are right in this thinking.

IceBear · 30 Sep 2021 at 12:25

So do I but never say never.

IvanDobskey · 30 Sep 2021 at 12:31

Journey said:
Not gonna happen, Octopus are now worth more than British Gas, and are getting bigger at a very rapid rate in many sectors.

Keeping my fingers crossed..

jpaul · 30 Sep 2021 at 12:50

Octopus energy is a subsidiary of the larger generation group that had the investment this week;

is there any update on the winter generation capability , winter weather forecast, the connectors ....
a swallow yesterday

Natural gas futures dipped as much as 8% on Wednesday, pulling back from a more than seven-year high above $6 per million British thermal units hit during the prior session.
The contract for November delivery fell to a low of $5.42 on Wednesday, before recovering some of those losses to settle 6.85% lower at $5.47 in the worst daily performance since January

chrcoluk · 30 Sep 2021 at 14:24

413x said:
Government can't really do anything.
That's the price of gas. And the price of being dependent on it from international travel sources

Short term they could cut green levies and VAT, but of course they wont.

Longer term they could build some nuclear power stations and reduce dependency on importing it.

413x · 30 Sep 2021 at 14:51

chrcoluk said:
Short term they could cut green levies and VAT, but of course they wont.

Longer term they could build some nuclear power stations and reduce dependency on importing it.

If they keep cutting green initiatives whenever things get difficult its not a great future we have.

But I can see it happening

chrcoluk · 30 Sep 2021 at 15:25

413x said:
If they keep cutting green initiatives whenever things get difficult its not a great future we have.

But I can see it happening

You can invest in green energy without punishing people in the mean time. They went in too hard and too quick.

PiKe · 30 Sep 2021 at 15:28

Octopus are going nowhere, I don't know where people get this rubbish from.

~Mike~ · 30 Sep 2021 at 15:46

I switched from Green the day before they went bust, what will happen about my final bill and refund, will it be from Shell energy or the administrators?

Not had any comms from Shell or Green.

hughtrimble · 30 Sep 2021 at 16:17

I'm still in limbo with no contact from any provider. Green were my provider, and the day before I was due to switch to Avro, both went bust.

Thankfully got my money back from Avro via the DD guarantee as they are by all accounts an extremely dodgy outfit, and they never became my provider.

MissChief · 30 Sep 2021 at 16:44

chrcoluk said:
Short term they could cut green levies and VAT, but of course they wont.

Longer term they could build some nuclear power stations and reduce dependency on importing it.

Hinckley B is due to come on stream 2026. Nuclear power stations take a decade or more to plan, build, commission and test.

Doobedoo · 30 Sep 2021 at 16:56

MissChief said:
Hinckley B is due to come on stream 2026. Nuclear power stations take a decade or more to plan, build, commission and test.

Isn’t that owned by the French and Chinese though?

Jokester · 30 Sep 2021 at 17:25

Reports that a special administrator is being prepped for taking over one of the major energy firms imminently.

Jokester · 30 Sep 2021 at 17:31

Doobedoo said:
Isn’t that owned by the French and Chinese though?

There was a news report today that the Chinese firm is likely to be forced to sell their share of the project.

GinG · 30 Sep 2021 at 17:36

Jokester said:
Reports that a special administrator is being prepped for taking over one of the major energy firms imminently.

Hopefully not Octopus?

Troop · 30 Sep 2021 at 17:45

My bet is on Bulb if one of the bigger ones go.