Energy Prices (Strictly NO referrals!)

[Doobedoo]

If energy companies go bust due to non-payment the rest of us pay more.

They won’t go bust.

 

[ltron]

https://twitter.com/i/web/status/1551580983383703553

Enjoy the cheap gas while you can lads

Typical Putin, I expect him to cut all gas to Europe off in an act of petty revenge and as a weapon against us. We need to move to clean energy now.

 

[danlightbulb]

British Gas payments shows up on my credit file

Interesting. Im with EON and EDF and neither is on my credit report. Given I was moved to those suppliers automatically when my previous suppliers went bust, I would have issue with them being on my credit report given I would have never signed up to a credit agreement.

 

[ltron]

Hoping prices fall because of some mass non payment seems like a fools game to me.

Yes, but mass protest might bring the government down.

 

[413x]

Typical Putin, I expect to cut all gas to Europe off in an act of petty revenge and as a weapon against us. We need to move to clean energy now.

Was always likely.
Probably his last card.

We are still buying his gas anyway.
China are buying it, using it to manufacturer, we buy chinas products.

 

[ltron]

Again, something else i hate to have to keep saying, we get 3% of our Gas from Russia. It's Germany who would be ****** (53% from Russia i think) not us.

But it's a global market and prices would rise for everyone.

 

[the shadow]

Interesting. Im with EON and EDF and neither is on my credit report. Given I was moved to those suppliers automatically when my previous suppliers went bust, I would have issue with them being on my credit report given I would have never signed up to a credit agreement.

It was on Credit Karma the last time i had a peep

 

[Surveyor]

It would force political intervention wouldn't it.

Even if you eventually pay what you owe (im not condoning permanent non payment, just temporary), it would put some serious scare on.

What political intervention would you be expecting?

They won’t go bust.

Of course, that would never happen...

 

[Doobedoo]

Of course, that would never happen...

Why would it. The government will bail them out as a last resort.

 

[VaderDSL]

Just really have to hope for a mild winter, it'll be chaos if we get a long period of cold/cloudy/windless days this winter.

 

[Surveyor]

Why would it. The government will bail them out as a last resort.

Which of the previous failed energy suppliers did the government bail out?

 

[the shadow]

National Databank | Powered by Good Things Foundation

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www.goodthingsfoundation.org

 

[ltron]

Which of the previous failed energy suppliers did the government bail out?

Didn't they bail out Bulb?

 

[chrcoluk]

The business committee has recommended a social tariff, and I just realised that would probably also comply with a court order if Ofgem lose the case.

 

[200sols]

Didn't they bail out Bulb?

They did and still are. Its in special administration still .

 

[Zenduri]

What I think will happen is there will be a fund setup to help those in energy debt, and the worst debts will get help, in effect we going to see something that rewards non payment, kind of like how discretionary house payments work where many councils have a condition you have to be in rent arrears to even ask for help.

If you got two people saying they struggling to pay, but one of them is actually managing to pay, whilst the second one isnt (even if its by choice), the second one will likely be seen as the one in higher priority of financial assistance with a debt write off.

My elder sister throughout her adult life never seems to respect the responsibility of paying bills, during covid she rang the council to inform them her council house rent will be late, they proceeded to give her help from a council covid support fund which they setup specifically just for council house tenants which paid off her outstanding water bill, outstanding electric bill, outstanding rent and 100s in food vouchers, she told me it was the best part of a grand. If she wasnt in debt on any of those she probably would have got nothing, maybe some food vouchers at the most. She also has told me of how she skips paying loans etc. It doesnt bother her at all.

Thats kind of disgusting IMO.

She should reap what she sows if she doesnt give a **** about fiscal responsibility not benefit from it

 

[Surveyor]

Didn't they bail out Bulb?

I was curious if @Doobedoo knew the answer is one of the 30 or so failed companies over the last 12 months.

Special measures means the taxpayer is paying to keep the company going.

 

[Uther]

Thats kind of disgusting IMO.

She should reap what she sows if she doesnt give a **** about fiscal responsibility not benefit from it

It's the way the country works. Have nothing but a state pension? Get all sorts of help.
Save for retirement? You get nothing.

 

[chrcoluk]

Thats kind of disgusting IMO.

She should reap what she sows if she doesnt give a **** about fiscal responsibility not benefit from it

I am personally against helping people based on debt, as the problem is debt isnt going to be a reliable of indicator of income level or means to pay, the level of responsibility is a huge factor. I am also against offloading decisions to councils, as I think withholding support funds for just council house tenants is wrong as well. Similar with support schemes that require referrals, my council only does referrals from social services and council house officers.

 

[Zenduri]

But it's a global market and prices would rise for everyone.

Not disputing that, but what im saying is there is a enough gas for us to guarantee supply but the issue is at what cost.