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Most liked posts in thread: Utility Firms going ………Chaos in the market place

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  1. Stafford Bantam

    Stafford Bantam Captain
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    Most of the smaller suppliers are expected to fail and, of the larger ones, Bulb are definitely struggling. There was a suggestion recently that, by the end of the year, there may be as few as 6 to 10 energy suppliers remaining.

    These seem to be the 10 most likely to survive but, with the market being as volatile as it is, even this lot are a long way from being guaranteed to survive:
    British Gas
    E.on
    EDF
    OVO (incorporating SSE)
    Octopus
    Pure Planet
    Scottish Power
    Shell
    So Energy
    Utility Warehouse
     
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    #14 Stafford Bantam, Sep 30, 2021
  2. bantam65

    bantam65 Important Player
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    If Bulb (My supplier) go bust.....do any monies they hold of mine die with them and do I just become a creditor or the money ringfennced and therefore safe?
    If it dies, I'm going to cancel my direct debit.
     
    #15 bantam65, Sep 30, 2021
  3. bantam65

    bantam65 Important Player
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    Cheers....
     
    #17 bantam65, Sep 30, 2021
  4. bantam65

    bantam65 Important Player
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    According to what Bulb want to charge me I will be paying over the Oct increase price of £1277. My reckoning is 12 x 110.54 = 1326.38.
    How does that work then?
     
    #18 bantam65, Sep 30, 2021
  5. bantam65

    bantam65 Important Player
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    Ok mate....clear as feckin mud. Seems like a waste of time setting a "cap" then allowing the fleecing feckers to charge what they like.
     
    #20 bantam65, Sep 30, 2021
  6. Storck

    Storck Regular Starter

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    the cap is basically set on the price per unit. If you more energy than average you will end up paying more than the headline figure quoted
     
    #21 Storck, Sep 30, 2021
  7. Keefly Bantam

    Keefly Bantam Important Player
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    Ours has gone from £110 to £148 per month with Bulb.
     
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    #22 Keefly Bantam, Sep 30, 2021
  8. Storck

    Storck Regular Starter

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    just go on and amend the amount back
     
    #24 Storck, Sep 30, 2021
  9. Storck

    Storck Regular Starter

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    Bulb upped my payment so I checked around and they were still cheaper than everyone else
     
    #25 Storck, Sep 30, 2021
  10. Polo-Bantam

    Polo-Bantam Impact Sub
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    I tried that and the minimum I could reduce it too was £165
     
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    #26 Polo-Bantam, Sep 30, 2021
  11. bantam65

    bantam65 Important Player
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    I looked on my account....the section to voluntarily amend monthly payment is no longer available on mine.
     
    #30 bantam65, Oct 1, 2021
  12. Bigrod

    Bigrod Captain
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    On second thoughts don’t phone, send E-mails and keep a thread/record. If it comes to a formal complaint on your part, then you can submit it as evidence to OFGEM.
     
    #33 Bigrod, Oct 1, 2021
  13. bantam65

    bantam65 Important Player
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    Have just had an online chat with them and they've lowered the payments to a middle ground figure ...still not happy with the increase though.
     
    #34 bantam65, Oct 1, 2021
  14. Polo-Bantam

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    I think that Bulb are trying to get in as much money as possible to cover their financial problem.
     
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    #35 Polo-Bantam, Oct 1, 2021
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