Energy Crisis

[Lost It]

I'm with Utility Point (or was till last week, when they stopped trading). Got the email from EDF saying I'm being moved to them - no new tariff details yet to see how much they'll try to shaft me with their standard variable rate.

Bit annoying they are still taking the standing order payments....

[SueEllen]

Companies thought to be at the point of collapse - Pure Planet, Ampower, Zebra Energy and Neon Reef


linky - https://news.sky.com/story/energy-wa...apses-12432354

[SueEllen]

Four suppliers in talks with Ofgem according to Sky News. So four suppliers to collapse this week.

[SueEllen]

Yeah although I saw this when it broke and assumed we had hours rather than days the way things are right now. Bit of an unusual case I suppose.

The way energy companies are failing you could have had hours.

[d000hg]

And the story - https://news.sky.com/story/bp-backed...risis-12430539

A residential renewable energy supplier backed by BP is nearing collapse, joining the growing list of industry players which have found themselves unable to weather surging wholesale prices.

Sky News has learnt that Pure Planet, which is 24%-owned by the FTSE-100 energy giant, has commenced discussions with Ofgem, the industry regulator, about entering the Supplier of Last Resort (SOLR) process set up to transfer the customers of failing companies.

Industry sources said on Sunday that an announcement about Pure Planet's fate could be made as soon as this week, although they cautioned that a final decision had yet to be taken.

Yeah although I saw this when it broke and assumed we had hours rather than days the way things are right now. Bit of an unusual case I suppose.

[vetran]

Heard that they are currently delivering 18% below pre pandemic levels and this is mostly due to them wanting to fill up their storage atm.

what a silly idea have storage? Any fule knows JIT is the only way... oops

[dsc]

Apparently Russia is going to increase supply...

Heard that they are currently delivering 18% below pre pandemic levels and this is mostly due to them wanting to fill up their storage atm.

[SueEllen]

Sounds like our primary supplier is going too (Pure) after the secondary (Igloo) went last week.

And the story - https://news.sky.com/story/bp-backed...risis-12430539

A residential renewable energy supplier backed by BP is nearing collapse, joining the growing list of industry players which have found themselves unable to weather surging wholesale prices.

Sky News has learnt that Pure Planet, which is 24%-owned by the FTSE-100 energy giant, has commenced discussions with Ofgem, the industry regulator, about entering the Supplier of Last Resort (SOLR) process set up to transfer the customers of failing companies.

Industry sources said on Sunday that an announcement about Pure Planet's fate could be made as soon as this week, although they cautioned that a final decision had yet to be taken.

[eek]

Sounds like our primary supplier is going too (Pure) after the secondary (Igloo) went last week.

Thanks for that - just submitted a reading before they go belly up - as whatever I'm going to pay going forward is cheaper than what I will be paying going forward.

[d000hg]

Sounds like our primary supplier is going too (Pure) after the secondary (Igloo) went last week.