Forums
New posts
Forum list
Search forums
What's new
New posts
New resources
Latest activity
Trending Threads
Resources
Latest reviews
Search resources
FarmTV
Farm Compare
Search
Tokens/Searches
Calendar
Upcoming Events
Members
Registered members
Current visitors
New Resources
New posts
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Forum list
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More options
Contact us
Close Menu
Forums
Farm Business
Agricultural Matters
Recent Energy suppliers that have ceased trading
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="capfits" data-source="post: 7767551" data-attributes="member: 15206"><p>It is actually worse than it seems.</p><p>Ofgem has been asleep at the wheel.</p><p>Ofgem issued licenses to these failed companies and the zombies still out there, without checking or ensuring that </p><p>A. They had financial muscle.</p><p>B. Some kind of hedging in place to cover their deals.</p><p>But get this</p><p>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.</p><p>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</p><p>Gonna hurt for a while.</p></blockquote><p></p>
[QUOTE="capfits, post: 7767551, member: 15206"] 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. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Farm Business
Agricultural Matters
Recent Energy suppliers that have ceased trading
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…
Top