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November 28 2021 7.58pm

Energy Companies Going Bust

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View Badger11's Profile Badger11 Flag Beckenham 23 Sep 21 9.46am Send a Private Message to Badger11 Add Badger11 as a friend

Like many my energy company Green has gone bust I am told I will be switched to one of the big 6 on a new deal which may cost 400 pa more.

I have a good credit rating so if I don't like the new deal and there are better ones available ? I can switch.

I feel sorry for people who are hard up and may be in arrears as I doubt they will have the same choice.

I'm starting this thread to raise a couple of issues I will post on these separately to make it easier for people to respond to.

 


One more point

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View Badger11's Profile Badger11 Flag Beckenham 23 Sep 21 9.50am Send a Private Message to Badger11 Add Badger11 as a friend

Energy Security

I have been banging on about this for years we are over reliant on importing our energy from some despicable regimes and if they want they could hold us to ransom the oil crisis of the seventies should have been the warning.

Both Tory and Labour governments have ignored the obvious and it is time they took this seriously. If the solution is to go green then fine but the key thing is we should be immune from Putin or the Saudi's.

 


One more point

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View Badger11's Profile Badger11 Flag Beckenham 23 Sep 21 9.57am Send a Private Message to Badger11 Add Badger11 as a friend

Energy Switching Market

I have never stayed with the same company, when my deal expired they would jack up the price by 200-300 an so I would switch. If they only raised it by 50 I would have remained.

These companies only seem interested in new customers and give their existing clients a bad deal. It is time OFGEN addressed this. Maybe lessen the deal for new clients and improve the retention deal.

The number of companies that have gone bust tells me that the regulator is failing to do their job. It is easy to blame the government or the Russians but put simply they did not hedge against rising prices in effect they bet on black and red came up.

Like the banks the regulator should insist that companies prove they can withstand exceptional market movements.

The government is right not to bail these badly run companies out but wrong in allowing them to do business in the first place.

Edited by Badger11 (23 Sep 2021 10.03am)

 


One more point

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View Badger11's Profile Badger11 Flag Beckenham 23 Sep 21 10.01am Send a Private Message to Badger11 Add Badger11 as a friend

Nationalisation

I am not convinced that taking energy back into public ownership would solve the current problems.

Th real issue here is where we get our energy from and for that the government should take responsibility as we have failed to replace nuclear and coal fire to the point where experts are now saying that if electric cars take off in a big way we don't have enough power.

So the government needs to stop sitting on the fence some of the decisions will not please the green or anti nuclear mob but get on with it.

I can see the need for state aid for building power stations but the government could reclaim the costs from the energy companies over decades.

Edited by Badger11 (23 Sep 2021 10.04am)

 


One more point

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View cryrst's Profile cryrst Online Flag Chatham 23 Sep 21 10.13am Send a Private Message to cryrst Add cryrst as a friend

France has a glut of energy as they have nuclear power plants. Didn't listen to the doom mongers and CND types and now because we did we are fecked.
The minority won again, which seems to be an ongoing issue in the UK. I'm pissed off that my voice is never heard.

 

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View Fatherken's Profile Fatherken Flag 23 Sep 21 10.18am Send a Private Message to Fatherken Add Fatherken as a friend

I have never known how this work .
The gas comes down the same pipe line that I think is owned and maintained by British Gas .
The other company's , give cheaper gas as they are normally a small group of people in an office with a phone line . They don't have to pay for maintaining , fixing gas leaks or a labour force . If they did I think your gas prices would be a lot higher .

 

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View chris123's Profile chris123 Flag hove actually 23 Sep 21 10.34am Send a Private Message to chris123 Add chris123 as a friend

Originally posted by Fatherken

I have never known how this work .
The gas comes down the same pipe line that I think is owned and maintained by British Gas .
The other company's , give cheaper gas as they are normally a small group of people in an office with a phone line . They don't have to pay for maintaining , fixing gas leaks or a labour force . If they did I think your gas prices would be a lot higher .

It's the National Grid. Suppliers buy up to three years in advance and balance the difference on the spot market. Some of the source gas from Russia has not been provided and so prices in the spot market have gone through the roof.

There's less of this effect in the market for power.

 

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View Palace Old Geezer's Profile Palace Old Geezer Flag Midhurst 23 Sep 21 10.52am Send a Private Message to Palace Old Geezer Add Palace Old Geezer as a friend

Despite British Gas having issues during the pandemic, they now seem to be sorting themselves out. My boiler has eventually been serviced (after nearly two years) and while the engineer was here he checked another issue without a grumble.

But, I was confident in the knowledge that they would respond quickly in the event of a breakdown.

I've stuck with them on a fixed rate tariff which works for me. In my reckoning they are a secure company and, as Fatherken says, they have responsibility for maintaining the infrastructure. I really can't be having with switching to a provider that I've never heard of for the sake of saving a few bob.

It's the same with banking. Who'd want to trust their finances with a bank named after a bird?

 


Dad and I watched games standing on the muddy slope of the Holmesdale Road end. He cheered and I rattled.

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View Badger11's Profile Badger11 Flag Beckenham 23 Sep 21 10.59am Send a Private Message to Badger11 Add Badger11 as a friend

Originally posted by Palace Old Geezer

Despite British Gas having issues during the pandemic, they now seem to be sorting themselves out. My boiler has eventually been serviced (after nearly two years) and while the engineer was here he checked another issue without a grumble.

But, I was confident in the knowledge that they would respond quickly in the event of a breakdown.

I've stuck with them on a fixed rate tariff which works for me. In my reckoning they are a secure company and, as Fatherken says, they have responsibility for maintaining the infrastructure. I really can't be having with switching to a provider that I've never heard of for the sake of saving a few bob.

It's the same with banking. Who'd want to trust their finances with a bank named after a bird?

BG are no longer responsible it is Transco they were spun off like OpenReach is separate from BT.

Again I don't have a problem with this but someone has to be responsible for building and maintaining power stations.

 


One more point

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View chris123's Profile chris123 Flag hove actually 23 Sep 21 11.01am Send a Private Message to chris123 Add chris123 as a friend

Originally posted by Palace Old Geezer

Despite British Gas having issues during the pandemic, they now seem to be sorting themselves out. My boiler has eventually been serviced (after nearly two years) and while the engineer was here he checked another issue without a grumble.

But, I was confident in the knowledge that they would respond quickly in the event of a breakdown.

I've stuck with them on a fixed rate tariff which works for me. In my reckoning they are a secure company and, as Fatherken says, they have responsibility for maintaining the infrastructure. I really can't be having with switching to a provider that I've never heard of for the sake of saving a few bob.

It's the same with banking. Who'd want to trust their finances with a bank named after a bird?

When the old monopoly was split up, the infrastructure bit became Transco, and Transco is now part of National Grid - nothing to do with British Gas.

 

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View Spiderman's Profile Spiderman Flag Horsham 23 Sep 21 11.02am Send a Private Message to Spiderman Add Spiderman as a friend

Originally posted by cryrst

France has a glut of energy as they have nuclear power plants. Didn't listen to the doom mongers and CND types and now because we did we are fecked.
The minority won again, which seems to be an ongoing issue in the UK. I'm pissed off that my voice is never heard.

Totally agree. My wife says you sound like a very nice man !

 

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View Spiderman's Profile Spiderman Flag Horsham 23 Sep 21 11.03am Send a Private Message to Spiderman Add Spiderman as a friend

Originally posted by Badger11

Energy Security

I have been banging on about this for years we are over reliant on importing our energy from some despicable regimes and if they want they could hold us to ransom the oil crisis of the seventies should have been the warning.

Both Tory and Labour governments have ignored the obvious and it is time they took this seriously. If the solution is to go green then fine but the key thing is we should be immune from Putin or the Saudi's.

100% this

 

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