Energy Costs

[Jack Grey]

All the companies who have gone into liquidation were just fly by night operators that were acting as middle men between us and the big 6

 

Would be interesting to see how much money they took with them when they 'cut & run'

 

Also, they'll all be back with new companies when the prices go down again 

 

 

[El Cid]

7 minutes ago, Jack Grey said:

All the companies who have gone into liquidation were just fly by night operators that were acting as middle men between us and the big 6

 

Would be interesting to see how much money they took with them when they 'cut & run'

 

Also, they'll all be back with new companies when the prices go down again

How would publically owned companies have coped with the massive hyke in wholesale energy prices?

Would the Government be setting the energy price? That sounds more like communism in Russia!

[BigAl1]

39 minutes ago, El Cid said:

How would publically owned companies have coped with the massive hyke in wholesale energy prices?

Would the Government be setting the energy price? That sounds more like communism in Russia!

Strewth . Publicly owned companies would have raised the price just like anyone else.  What you do not seem to understand is that energy companies will buy the power in advance at fixed rates and then offer consumers a fixed price deal having already bought the fuel. The issue is that these cowboy suppliers that have all gone bust did not they sold cheap deals but when the energy prices went up they were stuffed.
 

Not being able to charge variable rates users the going rate just makes things even worse and do worry you will soon be paying for it 

[El Cid]

55 minutes ago, BigAl1 said:

Publicly owned companies would have raised the price just like anyone else.  What you do not seem to understand is that energy companies will buy the power in advance at fixed rates and then offer consumers a fixed price deal having already bought the fuel. The issue is that these cowboy suppliers that have all gone bust did not they sold cheap deals but when the energy prices went up they were stuffed.
 

Not being able to charge variable rates users the going rate just makes things even worse and do worry you will soon be paying for it 

Cheap deals for customers, I wonder how much money they saved. What is different now, compared to the days of British Leyland?

[BigAl1]

21 hours ago, El Cid said:

Cheap deals for customers, I wonder how much money they saved. What is different now, compared to the days of British Leyland?

no one (in the energy sector)  is on strike

 

Anyone who bought fixed contracts and not simply stayed on the variable tariff would have saved money. Last week I was speaking with someone in the executive office of my energy supplier about something and she said to me she wished she was on my deal right now and was paying as little as me - sure when it ends I will have a massive hike but for the time being i am quids in

[Guest]

I have little to no rise in price but I think the reason for this is the fact that my previous supplier, Scottish Power,  was terrible. They switched meters between apartments, wrongly installed "smart meter*, then after my complaints, they provided estimated bill for family of 13, not 3 of us.  If Kafka "Trial" and "Only Fools and Horses" had a child, it would be Scottish Power. Literally, dark, grotesque satire. Switched to EON Next, fixed tariff. I am providing my own meter readings manually ( thank you, but no thank you, smart meter ever again) and I am actually in credit.

Edited December 11, 2021 by Guest

[crookesey]

What I should have done if to pay the £60.00 exit charge when my fixed deal had two months to run and there were still decent fixed deals available. However I didn’t so no point moaning about it, and I might just have switched to a supplier that subsequently went bust.

[BigAl1]

24 minutes ago, crookesey said:

What I should have done if to pay the £60.00 exit charge when my fixed deal had two months to run and there were still decent fixed deals available. However I didn’t so no point moaning about it, and I might just have switched to a supplier that subsequently went bust.

The benefits of hindsight.

 

I was lucky as switched in Jan last year and Eon were offering a good 15 month fix and slightly better deal than Bulb. At the time was thinking a spring renewal next time might be better than one in the depths of winter. 
 

thinking of turning on my heating now while the prices are low!!!

[El Cid]

Have all the non-profit making energy companies gone bust?

That will cost the tax payer millions, yet you would think that they would be better run, in the interests of its customers.

[BigAl1]

1 hour ago, El Cid said:

Have all the non-profit making energy companies gone bust?

That will cost the tax payer millions, yet you would think that they would be better run, in the interests of its customers.

Not the tax payer. The costs will be added to YOUR bills starting in April when the cap will be raised.

 

like I have said the regulator was asleep..