If it makes the Christmas compilation book I will read it then.
PE have been going on about the tidal barrage shenanigans for years. Makes you weep salt water tears to read how some people work the system (or attempt to)
If it makes the Christmas compilation book I will read it then.
I couldn't support Vegan Vince even if he was the cheapest provider after his anti meat rhetoric.He is a mine of misinformation.We have been with Vegan Vince for many years. Would be interested to hear the OP's views on Ecotricity; sustainable business, financially ?
I couldn't support Vegan Vince even if he was the cheapest provider after his the anti meat rhetoric.He is a mine of misinformation.
I couldn't support Vegan Vince even if he was the cheapest provider after his anti meat rhetoric.He is a mine of misinformation.
Likewise for me too -- through the NFU buying scheme . In my case , definitely for the worse .Likewise
I was wondering that too,can't see how they can differentiate.@HarryatBalancedEnergy off topic question in connection with renewable electricity suppliers.
As electricity comes to our homes through the same cable however it’s produced , I fail to see why any one would sign up to a renewable Electricity supplier, seems a big con to me.
I think you have to look at the grid as a pool of energy to be used, and by using a supplier that purchases wholesale renewable, you are contributing that to the pool.@HarryatBalancedEnergy off topic question in connection with renewable electricity suppliers.
As electricity comes to our homes through the same cable however it’s produced , I fail to see why any one would sign up to a renewable Electricity supplier, seems a big con to me.
I have a lot of time for Vince, anyone who can barge their way into a cartel the way he has deserves some support in my book. Yes Ecotricity have their faults, there are posters on here can confirm that, but honestly I don't care.
Anyway, I enjoy sending him the occasional email thanking him for supplying a livestock farm .
Do you find them competitive?
Been switching today and after your post decided I'd take a look at their rates. It seems they don't do a fixed rate tariff from what I could see which isn't ideal at the moment. Comparison of rates I could see (below) made them seem quite an expensive option.
Variable Rates
Ecotricity
Green Electricity:
Standing charge - 30.16p per day
Unit cost - 25.34 per unit
Green Gas:
Standing charge - 30.06p per day
Unit cost - 6.52p per unit
Octopus Energy
Green Electricity:
Standing charge - 25.08p per day
Unit cost - 20.02p per unit
Non-green Gas:
Standing charge - 23.85p per day
Unit cost - 3.82p per unit
Most of these new small energy companies, green or not, were relying on the fact that the day to day market was cheaper than purchasing from the futures market.Why are "green" energy suppliers going bust ? their selling point was that their energy was from renewable sources. Its the short term wholesale price of gas that has shot up, these people shouldn't have been buying it anyway. If they had genuinely had long term green energy supply contracts they would still be here.
It is actually worse than it seems.Most of these new small energy companies, green or not, were relying on the fact that the day to day market was cheaper than purchasing from the futures market.
To sell their products they were quoting prices which gave them a very small margin, but if you sell a million units and make tenth of a penny each that is a thousand pounds profir.
They probably did fix some but when working on wafer thin margins there is the temptation to cut corners and rely on the day to day market , when it was cheaper.
I think in agriculture we have seen similar bankruptcies on the grain and especially in the potato trade which took many down.
The problem arose when the government allowed all and sundry to set up as gas and energy traders with no back ground in such a business. Some have done it to deleberately milk the conpany which sadly is all too common today. Others I suspect come from a background of trading on Ebay etc. and having an unrealistic belief in them selves
A couple of these companies were running out of peoples bedrooms
Yes , but on the other hand these companies have pulled the prices doen to the consumer dramaticaly.It is actually worse than it seems.
Ofgem has been asleep at the wheel.
Ofgem issued licenses to these failed companies and the zombies still out there, without checking or ensuring that
A. They had financial muscle.
B. Some kind of hedging in place to cover their deals.
But get this
As other companies bail out these firms they do so at a cost to Ofgem as the government funnily enough does not wish to take on these obligations. In turn Ofgem then looks to get this money back from remaining suppliers which in turn ups the prices over and above the (large) price rises we have seen.
It is feasible due to failures that at present prices will rise in region of £100-150 per average account and prorata as more fail
Gonna hurt for a while.
I am still waiting for an explanation from@HarryatBalancedEnergy off topic question in connection with renewable electricity suppliers.
As electricity comes to our homes through the same cable however it’s produced , I fail to see why any one would sign up to a renewable Electricity supplier, seems a big con to me.