| This energy crisis with all the companies going bust 15:19 - Sep 23 with 988 views | Keno |
wouldn't the most obvious solution to be to just have one big energy provider set up on a non profit basis probably run by the government so that one was at risk of their energy going bust or having to over pay the company involved could make a huge profit
Its simple really and what on earth could go wrong? |  |
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| This energy crisis with all the companies going bust on 15:27 - Sep 23 with 949 views | The_Flashing_Smile |
If we could convert hydrogen, carbon dioxide, methane, hydrogen sulfide and ammonia to run our homes, we could be powered by our own farts. |  |
| Trust the process. Trust Phil. |
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| This energy crisis with all the companies going bust on 15:28 - Sep 23 with 945 views | IpsRich |
The situation you're describing would likely lead to a very basic 'one size fits all' offering, likely very poor customer service (would you trust the govt to get it right?), and wouldn't necessarily lead to cheaper energy prices either - unless you're suggesting re-nationalising the lot (wholesale market, power generation and networks).
The issues causing these suppliers to go bust are a bit of a clusterf**k of multiple bad things at once, and these companies being small entrants taking calculated gambles on the market to try and offer lower prices, but these external forces defeating them as they have insufficient financial backing. [Post edited 23 Sep 2021 15:29]
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| This energy crisis with all the companies going bust on 15:30 - Sep 23 with 924 views | Fixed_It |
| This energy crisis with all the companies going bust on 15:27 - Sep 23 by The_Flashing_Smile |
If we could convert hydrogen, carbon dioxide, methane, hydrogen sulfide and ammonia to run our homes, we could be powered by our own farts. |
As opposed to being governed by them... |  |
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| This energy crisis with all the companies going bust on 17:51 - Sep 23 with 768 views | Kropotkin123 |
No, just back a decent company that wasn't gambling on green and going about it the right way.
https://www.ecotricity.co.uk/our-news/2021/a-statement-from-our-founder-dale-vin
I always went with Ecotricity when I had the opportunity as a renter, and would recommend them for their sustained investment over decades.
"We are the longest-established independent energy company in the Britain, and well used to these periodic energy market crises." |  |
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| This energy crisis with all the companies going bust on 17:53 - Sep 23 with 763 views | Bluedicea |
| This energy crisis with all the companies going bust on 15:28 - Sep 23 by IpsRich |
The situation you're describing would likely lead to a very basic 'one size fits all' offering, likely very poor customer service (would you trust the govt to get it right?), and wouldn't necessarily lead to cheaper energy prices either - unless you're suggesting re-nationalising the lot (wholesale market, power generation and networks).
The issues causing these suppliers to go bust are a bit of a clusterf**k of multiple bad things at once, and these companies being small entrants taking calculated gambles on the market to try and offer lower prices, but these external forces defeating them as they have insufficient financial backing. [Post edited 23 Sep 2021 15:29]
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I agree with you.
Just want to add, the major reason these firms are going bust is because there is a price cap in place til October. Every year the maximum they can charge per unit is regulated by Ofgem. The small companies therefore are paying now almost 4 times the amount per unit, than they can currently charge customers. They are smaller firms so have little cash liquidity, just enough to buy the gas at the estimated price set last year, which didn't take into account the 250% price increase of the industry.
The regulatory body is there to make sure the energy companies don't rip us off, but it does mean large fluctuations in the market can upset the balance of the calculations, which are done on the historical basis of the past 10 years(I.e. gas only went up 2% overall over the past year, despite wild fluctuations up to 30%, so next year there will only be a max 3% rise, so the companies can only increase the charge to customers 3% more for the year(not true figures, example only)). |  |
| What is the use of knowing about everything else, when you do not yet know who you are. |
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| This energy crisis with all the companies going bust on 18:10 - Sep 23 with 728 views | EdwardStone |
| This energy crisis with all the companies going bust on 15:27 - Sep 23 by The_Flashing_Smile |
If we could convert hydrogen, carbon dioxide, methane, hydrogen sulfide and ammonia to run our homes, we could be powered by our own farts. |
Trouser Gas is the preferred industry term |  | | |
| This energy crisis with all the companies going bust on 18:28 - Sep 23 with 705 views | HARRY10 |
| This energy crisis with all the companies going bust on 15:28 - Sep 23 by IpsRich |
The situation you're describing would likely lead to a very basic 'one size fits all' offering, likely very poor customer service (would you trust the govt to get it right?), and wouldn't necessarily lead to cheaper energy prices either - unless you're suggesting re-nationalising the lot (wholesale market, power generation and networks).
The issues causing these suppliers to go bust are a bit of a clusterf**k of multiple bad things at once, and these companies being small entrants taking calculated gambles on the market to try and offer lower prices, but these external forces defeating them as they have insufficient financial backing. [Post edited 23 Sep 2021 15:29]
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How would these companies be able to offer fixed price deals, as there would have to be a fall back variable element to cover such dramatic increases as currently - which would rather negate the whole point of this competition.
As to the guff about this mess keeping prices lower, the UK has some of the highest gas prices in Europe - and we have electricity being supplied by state owned European countries. Rather like the heavily subsidised rail companies in the UK.....which are owned by EU state owned companies, Again far from delivering a better service and lower orices - they have consistently delivered the opposite, due to one hige flaw, the intent being profit, not service.
Utiities need to be run so as to deliver a stable platform on which society and business can thrive. That will always be put at risk by having a board of directors bonused to deliver ever higher profits. Money that should be directed towards immediate service and long term development.
An ofgen report of March 2020 warned of the dangers of these supply companies going bust. As usual the bloated buffoons government did nothing. |  | | |
| This energy crisis with all the companies going bust on 19:15 - Sep 23 with 639 views | Bluedicea |
| This energy crisis with all the companies going bust on 18:28 - Sep 23 by HARRY10 |
How would these companies be able to offer fixed price deals, as there would have to be a fall back variable element to cover such dramatic increases as currently - which would rather negate the whole point of this competition.
As to the guff about this mess keeping prices lower, the UK has some of the highest gas prices in Europe - and we have electricity being supplied by state owned European countries. Rather like the heavily subsidised rail companies in the UK.....which are owned by EU state owned companies, Again far from delivering a better service and lower orices - they have consistently delivered the opposite, due to one hige flaw, the intent being profit, not service.
Utiities need to be run so as to deliver a stable platform on which society and business can thrive. That will always be put at risk by having a board of directors bonused to deliver ever higher profits. Money that should be directed towards immediate service and long term development.
An ofgen report of March 2020 warned of the dangers of these supply companies going bust. As usual the bloated buffoons government did nothing. |
So you think the government should bail out every company that goes bust?
You have a very childlike understanding of how the world works.
The government should never bail out failing companies that go bust, except if it's going to have a major effect on the people (Northern Rock).
Small energy firms cannot compete in the current international market, the consumers will not go without due to the government making sure they are transferred to a new supplier. The price rises are world wide and everyone in every country will be end up paying more for gas.
We pay more on average for gas because we consume more than most other countries in the EU, which is why our Bill's are higher. Like for like consumption price is less than 1% variance across the EU. Contracts for gas supply are negotiated over decades, or for certain amounts over certain periods so in the short term(year on year) there can be large variation, but over the course of several years it evens itself out.
You have to stop manipulating things to try and prove points by cherry picking things that suit your biased narrative and dismissing anything that disproves your point, by harassing and abusing people.
You are doing the exact same thing you accuse Boris of, which in my book makes you as bad as him. | |
| What is the use of knowing about everything else, when you do not yet know who you are. |
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