Energy companies going bust

[dandywarhol]

Some good advice if you are with one of the smaller companies and they have not already gone bust.

https://www.walesonline.co.uk/news/uk-news/energy-crisis-martin-lewis-says-21652211

[Taunton Blue Genie]

Re: Energy companies going bust

Some good advice if you are with one of the smaller companies and they have not already gone bust.

https://www.walesonline.co.uk/news/u...-says-21652211

Annoyingly, Utility Point failed to transfer me out several weeks ago, as I requested. I could have gone to EDF and received a £50 bonus for doing so (as a friend works there and would receive the same amount regarding my transfer). Instead, I am now being transferred to EDF automatically as they are the relevant supplier of last resport in this case.

[Rjk]

Re: Energy companies going bust

mine have gone bust, I guess I'll just take a meter reading and wait for a huge bill to hit the doormat

[Hot Shot Hamish.]

Re: Energy companies going bust

Could it be worth upping your readings, so it'll be charged at the lower previous price? Just a thought, can't say I've thought it through.

[dandywarhol]

Re: Energy companies going bust

Annoyingly, Utility Point failed to transfer me out several weeks ago, as I requested. I could have gone to EDF and received a £50 bonus for doing so (as a friend works there and would receive the same amount regarding my transfer). Instead, I am now being transferred to EDF automatically as they are the relevant supplier of last resport in this case.

I left igloo for Shell energy. Its
Switch went through, however Igloo owe me 200 quid and are on the verge of going bust

[Feedback]

Re: Energy companies going bust

we've nothing to worry about as the Welsh Nationalists have informed us recently that we're the 5th largest exporter of energy in the world.

[sneggyblubird]

Re: Energy companies going bust

I'm with Avro but was in credit when they went bust.Just waiting to find out how much I'll have to pay-be like a second mortgage I suppose.

[blue matt]

Re: Energy companies going bust

I left igloo for Shell energy. Its
Switch went through, however Igloo owe me 200 quid and are on the verge of going bust

your credit is protected and will transfer to whoever you take a new contract out with

[Former Labour leader]

Re: Energy companies going bust

we've nothing to worry about as the Welsh Nationalists have informed us recently that we're the 5th largest exporter of energy in the world.

Latest energy crisis is capitalism at its finest.

[RichardM]

Re: Energy companies going bust

I'm with Avro but was in credit when they went bust.Just waiting to find out how much I'll have to pay-be like a second mortgage I suppose.

Same here. I'm more concerned about who I am transferred to and what the tariff will be. The credit should be safe though. However, a few years ago my supplier went bust, I was transferred to Together Energy (as was my credit), but their tariff was too high so I switched to Avro but had to take Together Energy to the equivalent of the small claims court in Scotland to get me credit back.

[Rjk]

Re: Energy companies going bust

I wonder if anyone will look at the Severn barrage again, now the price on the market has shot up, also in terms of energy security it makes a lot of sense to me

[The Bloop]

Re: Energy companies going bust

My fixed rate with Octopus finishes next week. The fixed rate available to me is about 40% more expensive so I'm just going to stay on the standard rate and be subject to the cap.

[goats]

Re: Energy companies going bust

So the crux of all this is gas prices have gone up, what does this really mean though? Aren’t we all relying on the Russians for gas? So have they just upped the price?

[bobh]

Re: Energy companies going bust

I predict that when the wholesale price goes down at some point, the savings will not be passed on to the customers.

[RichardM]

Re: Energy companies going bust

I predict that when the wholesale price goes down at some point, the savings will not be passed on to the customers.

The suppliers will be recovering the losses that they are incurring at the moment.