Recent Energy suppliers that have ceased trading

[Steevo]

Scarily I've just seen standing charges of 38/39 pence per day!

 

[Still Farming]

Lots of smaller Green 100% renewables firms gone bang allegedly blaming Gas prices etc etc when gas is FOSSIL FUEL FFS ????
Whats all that about????

 

[Steevo]

Lots of smaller Green 100% renewables firms gone bang allegedly blaming Gas prices etc etc when gas is FOSSIL FUEL FFS ????
Whats all that about????

Are they doing green gas, or just green electricity?

 

[Exfarmer]

Lots of smaller Green 100% renewables firms gone bang allegedly blaming Gas prices etc etc when gas is FOSSIL FUEL FFS ????
Whats all that about????

The whole electricity market is dictated by the cost of energy inputs. Gas is the main driver now. The problem the small suppliers face is they have consistently been trading on the daily electricity wholesale market. last year they were quids in as it dropped to around 3.3p per unit ( obviously this is before distribution cost).
now thanks to the asa cost those generators won't fire up unless they get a realistic return. unlike the Nuclear and coal they rely on minute by minute pricing. so whole sale prices shot through the roof on the daily markets, This took green energy prices up especially as there was a shortage of wind power in August/September due to the high sitting over us, August was very poor for solar output too of course. We have seen record prices for energy which they would have been protected by, if they had been buying forward.

 

[Still Farming]

The whole electricity market is dictated by the cost of energy inputs. Gas is the main driver now. The problem the small suppliers face is they have consistently been trading on the daily electricity wholesale market. last year they were quids in as it dropped to around 3.3p per unit ( obviously this is before distribution cost).
now thanks to the asa cost those generators won't fire up unless they get a realistic return. unlike the Nuclear and coal they rely on minute by minute pricing. so whole sale prices shot through the roof on the daily markets, This took green energy prices up especially as there was a shortage of wind power in August/September due to the high sitting over us, August was very poor for solar output too of course. We have seen record prices for energy which they would have been protected by, if they had been buying forward.

Strange world ant it !

 

[Still Farming]

Are they doing green gas, or just green electricity?

What green gas could that be!!

 

[Nick Adams]

What green gas could that be!!

Biomethane!

 

[Still Farming]

Biomethane!

How much is sold by these firms that went bang then?

 

[Nick Adams]

@HarryatBalancedEnergy is Neon Reef viable?? Cheapest i can find.

 

[Highland Mule]

3 more down today:
Enstroga
Igloo
Symbio

 

[Old Tup]

Currently am or was a Symbio client…
Complete bunch of Bandits.

 

[Steevo]

Currently am or was a Symbio client…
Complete bunch of Bandits.

I can recommend Octopus for being fair and for good customer service.

I hav just switched away from them as they were not as competitive on a renewal quote but I can't knock them for that given the current situation. I would happily go back to them though and hope I am able to.

 

[Old Tup]

Have to wait for the Ofgem bits to get done then have a look around…

 

[Highland Mule]

Just don't be tempted with 'Together Energy'.

 

[capfits]

Bulb to fail imminently?

Ofgem prepares for looming failure of a leading energy supplier

Energy regulator understood to have put City firm Teneo on standby to act as ‘special administrator’

www.theguardian.com

 

[HatsOff]

I can recommend Octopus for being fair and for good customer service.

I hav just switched away from them as they were not as competitive on a renewal quote but I can't knock them for that given the current situation. I would happily go back to them though and hope I am able to.

Exact same situation for me. Decent company and they're ahead trialing new ideas.

Don't think my new provider will survive very long so hope I get switched back to them if anyone!

 

[delilah]

Interesting insight on the current situation from Vegan Vince.

We are in the middle, or perhaps just the start, of another winter energy crisis in Britain. I’m sure you are aware of this. Ten supply companies have gone bust in the last few weeks as wholesale prices for gas and electricity have rocketed in price - rising four or five-fold since the start of the year. When this happens companies that have not bought the energy they need in advance (known as hedging) tend to collapse. Not buying what you will need is a gamble on future prices. Many suppliers take this gamble and many more will fail this winter. Three failed on the afternoon I wrote this. It really is an exceptional situation. Ecotricity buys the energy we need in advance - to protect ourselves and our customers. It’s the proper way to do things. We’ve been in energy supply long enough to have been through several crises just like this. We are Britain’s oldest independent energy supplier, with 25 years under our belts. We’re protected to the maximum possible by our hedging - for electricity that means being 90% covered for the 12 months ahead. The other 10% is not available in advance and for that we are exposed. Costs related to this have risen four-fold in September alone. All of this means we still have an exposure to the crazy prices on the energy market– but nothing like many other suppliers (collapsed, or still trading) have experienced. The gap is sufficiently large that we are unable to absorb it, and need to adjust our energy prices to compensate. I’m sorry about that – we have no real choice. The triggers for this crisis might be interesting to know how this imperfect storm came about: It began with two nuclear power stations not coming out of scheduled maintenance at the end of summer, leaving a shortfall in electricity production. This comes at the same time as the UK had its lowest wind speeds for 60 years, making our wind energy production lower than expected. On top of that, one of the cables that connects our country to Europe to bring power when we need it, burned down. The country then turned to gas to make up the shortfall, as demand and prices rocketed globally, and Russia turned down pipeline supplies by as much as 25%. This means Britain is experiencing record high prices for gas and electricity – higher than anywhere in Europe. Eventually – but we don’t know when, all these factors will each return to normal. It could be in the next few weeks, or it could take all winter. The increase we need to make is of about £4 per week for a typical electricity customer and £1 for gas - gas can be more completely purchased ahead of time, hence we have a smaller exposure. This change will take place from 5th November. That’s one month from now. Should things return to normal (or closer to normal) before then, we will adapt accordingly and reduce, or remove this emergency price increase, before it takes place. Our energy trading team are monitoring forward market prices for the remaining 10% of our electricity supply and we will revert to pre-crisis pricing as soon as we can. I am truly sorry that we need to do this, these events are well beyond our control - though there is so much we could do as a nation to avoid these periodic crises - we’ve just published one such example: We’ve launched our Green Gas plan for Britain and shared it earlier this week with the Secretary of State, George Eustice. By announcing our first green gas mill – we’re showing how Britain could make all the gas we need for our homes from the country’s available grassland. This would solve our dependence on global markets for our energy supply and pricing – and reduce emissions, as green gas is carbon neutral. There’s more info on our website – it’s an exciting prospect. As always, I’m genuinely happy to hear from you with any questions or comments and I’m so very grateful for your support for our work - by being with us. Thank you. Dale Vince Ecotricity Founder ​

 

[delilah]

Biomethane!

There's biomethane, and there's biomethane.
As Vince explains here, most is generated via animal waste, whereas Ecotricity are generating theirs by shoving grass straight into a digester. Don't shoot the messenger .

https://www.ecotricity.co.uk/our-green-energy/vegan-energy

 

[Exfarmer]

There's biomethane, and there's biomethane.
As Vince explains here, most is generated via animal waste, whereas Ecotricity are generating theirs by shoving grass straight into a digester. Don't shoot the messenger .

https://www.ecotricity.co.uk/our-green-energy/vegan-energy

I think most of the AD plants actually use very little animal manure in real terms, certainly not looking at the vast acreage of maize around and the precious few cattle.
Perhaps @sjt01 would like to comment

 

[delilah]

I think most of the AD plants actually use very little animal manure in real terms, certainly not looking at the vast acreage of maize around and the precious few cattle.
Perhaps @sjt01 would like to comment

I think Vince is counting any land that has had animal manures applied as being animal based. Am assuming no artificial fert, think I read they are banking on clover etc, be interesting to see how they go long term with maintaining yields.