Recent Energy suppliers that have ceased trading

[whatnow]

See we are not only on the hook via Ofgem and our electricity bills, but also as tax payers.
Looks like every bulb account on average is going to get £1000 free cash doled out by tax payer
Proper market failure....

Why are they getting that?

 

[Hampton]

For comparison, Hinkley is costing £23B. Severn barrage approx £100B.

Mad isn’t it.
it seems that civil engineers have the same calculators as football agents

 

[ollie989898]

This was the government's fault for allowing the energy markets to fragment in this way.

 

[Hampton]

This was the government's fault for allowing the energy markets to fragment in this way.

Can’t disagree with that!

 

[capfits]

Why are they getting that?

@whatnow

£1,000 a customer? Why the UK is counting the cost of keeping Bulb’s lights on

Taxpayer may have to pay £1.7bn to power the firm’s ‘unsustainable’ business model on life-support this winter

www.theguardian.com

 

[Exfarmer]

This was the government's fault for allowing the energy markets to fragment in this way.

Nit so simple, in the pat the energy industry was about itself, customers were a nuisance that had to tolerated , so they could milk them.
Privatisation did not work well as the old companies continued in their ways and were bought up by nasty foreigners who would milk even harder.
So they introduced a new band of independent suppliers, sadly many realised the big money was supplying power through the day trading market. This would be fine except the government put an energy cost cap on and the day traders had not prepared for a time when short market would go through the roof

 

[whatnow]

@whatnow

£1,000 a customer? Why the UK is counting the cost of keeping Bulb’s lights on

Taxpayer may have to pay £1.7bn to power the firm’s ‘unsustainable’ business model on life-support this winter

www.theguardian.com

Thanks