Energy Crisis

[mudskipper]

Pure Planet was our one - no idea who we'll be lumped with now.

Also a pure planeter

[eek]

Pure Planet was our one - no idea who we'll be lumped with now.

Quite possibly no-one as I suspect the last thing any existing provider wants in another set of customers that they will lose money on and are likely to leave if a better offer arrives in a few months time.

[SueEllen]

Quite possibly no-one as I suspect the last thing any existing provider wants in another set of customers that they will lose money on and are likely to leave if a better offer arrives in a few months time.

Under Ofgem rules someone will be forced to take them on.

[d000hg]

Under Ofgem rules someone will be forced to take them on.

Indeed. You are not going to find yourself cut off for winter due to a failing supplier.

[eek]

Under Ofgem rules someone will be forced to take them on.

So why is Ofgem doing the following.

A City firm has been put on standby to take control of a large energy company amid fears that one could collapse soon, overwhelming the existing safety net put in place by the regulator, Ofgem.

The management consulting company Teneo is understood to have held talks with the regulator about acting as “special administrator” under a government scheme, as yet untested, for handling large energy company failures.



In theory, the company would take on the operations of a failed energy supplier to ensure no interruption of service or supply to customers.

The backup option, first reported by Sky News, is being readied in light of mounting concern that Ofgem’s “Supplier of Last Resort” system, under which a healthy energy supplier agrees to take on customers from a collapsed rival, is at breaking point.

Ofgem prepares for looming failure of a leading energy supplier | Energy industry | The Guardian

[d000hg]

In theory everyone could go bust I suppose!

[SueEllen]

So why is Ofgem doing the following.




Ofgem prepares for looming failure of a leading energy supplier | Energy industry | The Guardian

Supplier of last resort?

[mattster]

We've been shunted on to Shell Energy from Pure Planet, FWIW. Time to lube up I guess.

[d000hg]

We've been shunted on to Shell Energy from Pure Planet, FWIW. Time to lube up I guess.

Same here. But you will be paying the same as everyone else. The price cap is effectively a huge 6-month discount as things stand.

[mattster]

Same here. But you will be paying the same as everyone else. The price cap is effectively a huge 6-month discount as things stand.

That would be good. I haven't looked at the details yet, and don't actually know what our recent unit rates on PP were, but it might actually be possible that we end up paying less than we would have because I think our PP tariff was variable (still capped? I don't know).