Bulb Partly Extinguished

[Jeffrey Shaw]

Another energy supplier in distress. See BBC News today: https://www.bbc.co.uk/news/business-59373198

It's more or less as large, on its own, as all the previous failed suppliers put together.

Edited November 22, 2021 by Jeffrey Shaw

[El Cid]

Companies need to suffer before Johnson gives the order to increase the enegy cap, he needs to be seen as on the side of the customer.

Although the lack of competition in the energy market will be a problem. Shares in SSE and Centrica are slightly down today, you would think that share prices in the enegy sector would increase if the competition was going bust and they would be queueing up for their customers.

[nightrider]

15 hours ago, El Cid said:

Companies need to suffer before Johnson gives the order to increase the enegy cap, he needs to be seen as on the side of the customer.

Although the lack of competition in the energy market will be a problem. Shares in SSE and Centrica are slightly down today, you would think that share prices in the enegy sector would increase if the competition was going bust and they would be queueing up for their customers.

the price cap means they would have to sell to Bulbs customers at a very large loss. So why on earth would they want to take them on?! That is in fact the reason Bulb went out of business - their model was to buy at the current price and sell to customers for slightly more. The price cap forced them to start selling at a large loss which is clearly unsustainable.

[El Cid]

5 hours ago, nightrider said:

the price cap means they would have to sell to Bulbs customers at a very large loss. So why on earth would they want to take them on?! That is in fact the reason Bulb went out of business - their model was to buy at the current price and sell to customers for slightly more. The price cap forced them to start selling at a large loss which is clearly unsustainable.

Can you immagine the headling in the media when the price cap increases by 20%?