Recent Energy suppliers that have ceased trading

delilah

Member
I couldn't support Vegan Vince even if he was the cheapest provider after his anti meat rhetoric.He is a mine of misinformation.

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 :) .
 

Nukemall

Member
@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.
 

HatsOff

Member
Mixed Farmer
The renewable certificates they buy ('Renewable Energy Guarantee of Origin' - which need to total to the same amount of energy as customers on the renewable tariffs use) are an alternative revenue stream for renewable energy suppliers and help further renewable investment.

It is wrong to say it's a con, but for laypeople the indirect nature of the support for renewable energy may be misleading.
 

Steevo

Member
Location
Gloucestershire
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
 

delilah

Member
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

Just dug a bill out, it's 25.97p per day standing charge, that includes a duel fuel discount.
Elec is 19.80p/unit.
Gas is 4.65p/unit.

This is a domestic bill though, the farm is off-grid. Guess those prices they have given you are commercial ?
 
Two more suppliers have gone recently with AVRO Energy and Green Supplier both ceasing to trade.

For anyone that was with these suppliers I have put the new supplier in brackets.

1. Peoples Energy ( British Gas)
2. Utility Point ( EDF)
3. PFP Energy ( British Gas)
4. AVRO Energy ( Octopus Energy)
5. Green Supplier Limited ( Shell Energy)

For domestic customers, you should be contacted by these suppliers shortly but you maybe able to contact them sooner should you want more information.

Wholesale costs are still increasing - hopefully anyone on a commercial supply is in a fixed contract still however should you have any questions or need any help with offers please feel free to message directly.
 

Bongodog

Member
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.
 

Exfarmer

Member
Location
Bury St Edmunds
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.
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 🙄
 

capfits

Member
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 🙄
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.
 

Exfarmer

Member
Location
Bury St Edmunds
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.
Yes , but on the other hand these companies have pulled the prices doen to the consumer dramaticaly.
I buy my gas from a small company which has beaten my large buying group hands down.
2 months ago they notified me that their prices would rise massively, however, they are still cheaper than most, while I am on flexible pricing.
They have probably saved me me £2,500- 3,000 in the last five years while the major companies have paid their bosses mega bucks!
 
For my house electricity, I'm currently paying 15.38p/kw + 21.91p/day from OVO until November 18th.
They have just sent me my new options:

1 year fixed, 26.37p/kw + 24.18p/day.

2 Year fixed, 26.71p/kw + 24.18p/day.

Variable, 18.83p/kw + 24.12p/day.

I'm tempted to go for the variable rate and see just how bad it gets. There is a £30 fee for changing the plan during the term, but of course there is no guarantee that the fixed rates quoted above will be available if I switched some months hence. What would you do?
 

SFI - What % were you taking out of production?

  • 0 %

    Votes: 78 43.1%
  • Up to 25%

    Votes: 63 34.8%
  • 25-50%

    Votes: 30 16.6%
  • 50-75%

    Votes: 3 1.7%
  • 75-100%

    Votes: 3 1.7%
  • 100% I’ve had enough of farming!

    Votes: 4 2.2%

Red Tractor drops launch of green farming scheme amid anger from farmers

  • 1,286
  • 1
As reported in Independent


quote: “Red Tractor has confirmed it is dropping plans to launch its green farming assurance standard in April“

read the TFF thread here: https://thefarmingforum.co.uk/index.php?threads/gfc-was-to-go-ahead-now-not-going-ahead.405234/
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