Energy Crisis

[AtW]

Some people are actually buying ski wear to wear in their homes as they can't afford their heating bills

I bought some on sale meself, it's warm and actually helps to make money...

[SueEllen]

At 1200 notes this is still a better ROI than keeping the heating on.

Just need one for wife and kids.




qh

Some people are actually buying ski wear to wear in their homes as they can't afford their heating bills

[d000hg]

According to MSE, there's nothing better than standard right now:
https://www.moneysavingexpert.com/ne...nfirms-new-pr/

Cheers, hadn't realised he'd already written the article I was waiting on!

[WTFH]

So does this mean the 'cheapest new deal' remains the standard tariff (which will be the cap price) as it's still less than the companies are paying? Or is there any chance of finding better deals now that the companies have more breathing room?

According to MSE, there's nothing better than standard right now:
https://www.moneysavingexpert.com/ne...nfirms-new-pr/

[d000hg]

Energy price cap is going up 54%

https://www.theguardian.com/money/20...-cap-is-lifted
Households will face a record energy bill increase of more than 50% from April after the regulator lifted the cap on default tariffs to £1,971.

The energy regulator, Ofgem, lifted the maximum rate that suppliers can charge for an average dual-fuel energy tariff by £693 , to reflect the fourfold increase in energy market prices over the last year.

The news came as the government prepared to announce a package of measures to counter the cost of fuel bills for poorer households.

So does this mean the 'cheapest new deal' remains the standard tariff (which will be the cap price) as it's still less than the companies are paying? Or is there any chance of finding better deals now that the companies have more breathing room?

[tazdevil]

SSE are a bunch of totally useless bastards. I recently moved two small shops into one big one, all in contract with SSE.
I was told I wasn't allowed to advise them of vacating the premises in advance and it could only be done on the day or afterwards.
Contacted them on the day, with meter readings for final billing. They then refused to send the final bills to any address other than the supply address.
No matter how many times I phoned or emailed (2 weeks generally to get an email answered), they would not forward a bill to either my home address or my remaining premises (despite supplying that as well). The fact that I would never see their final bills was totally lost on them. I gave up in the end and now owe them an indeterminate sum that they won't tell me about.

They are but surely you have an on-line account and can see your full history with them?

I get my FITS payments from them and they're slow but do pay up eventually. Good thing about FITS is its subsidising my other energy usage so I effectively am paying nothing for energy until the FITS contract is up in ~ 10 years

[quackhandle]

At 1200 notes this is still a better ROI than keeping the heating on.

Just need one for wife and kids.




qh

[SueEllen]

Energy price cap is going up 54%

https://www.theguardian.com/money/20...-cap-is-lifted
Households will face a record energy bill increase of more than 50% from April after the regulator lifted the cap on default tariffs to £1,971.

The energy regulator, Ofgem, lifted the maximum rate that suppliers can charge for an average dual-fuel energy tariff by £693 , to reflect the fourfold increase in energy market prices over the last year.

The news came as the government prepared to announce a package of measures to counter the cost of fuel bills for poorer households.

[SueEllen]

And it's gone..

https://news.sky.com/story/together-...storm-12519204

Together Energy, which has 176,000 households on its books, has become the latest supplier to collapse in the wake of the soaring cost of gas that is tipped to force bills up by 50% from April.
Sky News reported earlier this month that the company, part-owned by Warrington Borough Council in Cheshire, was on the verge of throwing in the towel after it deferred making a £12.4m payment to the industry regulator.

Ofgem said on Tuesday that Together - and its subsidiary Bristol Energy - had ceased to trade.

[SueEllen]

All together now...NOT

https://news.sky.com/story/local-aut...lapse-12509418

A local authority-backed energy supplier with 170,000 customers faces collapsing within weeks as a last-ditch search for new funding nears its end.

Sky News has learned that Together Energy, which is 50%-owned by Warrington Borough Council, is likely to run out of money later in January without an emergency capital injection

A source close to a process run by advisers to Together Energy said that Alvarez & Marsal (A&M), the professional services firm, was close to concluding its hunt for new funding for the business and that the prospect of a solvent deal was now remote.