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Energy Bills
Comments
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Sounds like you need a tissue....clb74 said:0 -
It's times like these when I'm glad we're off grid for mains gas!
Must be a nightmare for millions on the bread line.0 -
Used tenners from losing punters
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Me too via “ Lookaftermybills.comguinnessaddick said:
I moved to Green recently. 🤬clive said:Avro Energy and Green both collapsed on Wednesday afternoon, hours after the sector's regulator warned "well above" hundreds of thousands of customers will have to be moved to new suppliers.
Avro Energy has 580,000 customers while Green Supplier Limited has 250,000.
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What I don't understand is have the companies 'sold' energy in the form of a fixed rate that that hadn't forward bought. I know the Futures market involves buying the right to buy something at a fixed in the future. But how can energy firms agree a rate with customers for something they haven't actually bought/secured?2
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A bit like Life Assurance companies selling guaranteed annuity rates that were too high.PrincessFiona said:What I don't understand is have the companies 'sold' energy in the form of a fixed rate that that hadn't forward bought. I know the Futures market involves buying the right to buy something at a fixed in the future. But how can energy firms agree a rate with customers for something they haven't actually bought/secured?1 -
good question .. and that's why so many have gone bust owing millions, some after paying hefty salaries and dividends to the owners. Enron this ain't but there are questions that need looking into and answering by the quango (Ofgem, probably useless, and why not OfgeN ?) responsible for the oversight of the industryPrincessFiona said:What I don't understand is have the companies 'sold' energy in the form of a fixed rate that that hadn't forward bought. I know the Futures market involves buying the right to buy something at a fixed in the future. But how can energy firms agree a rate with customers for something they haven't actually bought/secured?1 -
Flipper is closing down, with insufficient choice of supplier to be able to offer value to its customers.
I was using them and had done so happily for a quite a while but will have to do the research again periodically again myself now.1 -
The energy market in this country is not really regulated - it's pretty evident now how flawed the model is.Lincsaddick said:
good question .. and that's why so many have gone bust owing millions, some after paying hefty salaries and dividends to the owners. Enron this ain't but there are questions that need looking into and answering by the quango (Ofgem, probably useless, and why not OfgeN ?) responsible) for the oversight of the industryPrincessFiona said:What I don't understand is have the companies 'sold' energy in the form of a fixed rate that that hadn't forward bought. I know the Futures market involves buying the right to buy something at a fixed in the future. But how can energy firms agree a rate with customers for something they haven't actually bought/secured?1 - Sponsored links:
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I was more of a Waggy fan to be honest.guinnessaddick said:
I moved to Green recently. 🤬clive said:Avro Energy and Green both collapsed on Wednesday afternoon, hours after the sector's regulator warned "well above" hundreds of thousands of customers will have to be moved to new suppliers.
Avro Energy has 580,000 customers while Green Supplier Limited has 250,000.
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I blame that bloke called Sid...hoof_it_up_to_benty said:
The energy market in this country is not really regulated - it's pretty evident now how flawed the model is.Lincsaddick said:
good question .. and that's why so many have gone bust owing millions, some after paying hefty salaries and dividends to the owners. Enron this ain't but there are questions that need looking into and answering by the quango (Ofgem, probably useless, and why not OfgeN ?) responsible) for the oversight of the industryPrincessFiona said:What I don't understand is have the companies 'sold' energy in the form of a fixed rate that that hadn't forward bought. I know the Futures market involves buying the right to buy something at a fixed in the future. But how can energy firms agree a rate with customers for something they haven't actually bought/secured?1 -
Tell him we’re going back to The Valley.RickAddick said:
I blame that bloke called Sid...hoof_it_up_to_benty said:
The energy market in this country is not really regulated - it's pretty evident now how flawed the model is.Lincsaddick said:
good question .. and that's why so many have gone bust owing millions, some after paying hefty salaries and dividends to the owners. Enron this ain't but there are questions that need looking into and answering by the quango (Ofgem, probably useless, and why not OfgeN ?) responsible) for the oversight of the industryPrincessFiona said:What I don't understand is have the companies 'sold' energy in the form of a fixed rate that that hadn't forward bought. I know the Futures market involves buying the right to buy something at a fixed in the future. But how can energy firms agree a rate with customers for something they haven't actually bought/secured?0 -
Glad I’ve got the security of British Gas atm.Here’s a link if anyone wants to join. Up to £100 each in Amazon vouchers. 😁
https://refer.britishgas.co.uk/richardh-4470 -
If I see Sid, I’ll tell him.RickAddick said:
I blame that bloke called Sid...hoof_it_up_to_benty said:
The energy market in this country is not really regulated - it's pretty evident now how flawed the model is.Lincsaddick said:
good question .. and that's why so many have gone bust owing millions, some after paying hefty salaries and dividends to the owners. Enron this ain't but there are questions that need looking into and answering by the quango (Ofgem, probably useless, and why not OfgeN ?) responsible) for the oversight of the industryPrincessFiona said:What I don't understand is have the companies 'sold' energy in the form of a fixed rate that that hadn't forward bought. I know the Futures market involves buying the right to buy something at a fixed in the future. But how can energy firms agree a rate with customers for something they haven't actually bought/secured?1 -
Just had an email from Octopus Energy advising that the Avro energy account is being moved there on a tariff that will be cheaper than anything the big 6 are offering and lower than any fixed tariff they are offering new customers on their own website.
I have to say, very efficient.5 -
Ditto.IdleHans said:Just had an email from Octopus Energy advising that the Avro energy account is being moved there on a tariff that will be cheaper than anything the big 6 are offering and lower than any fixed tariff they are offering new customers on their own website.
I have to say, very efficient.0 -
Anyone who knows a bit about computers can send out a generic email to a table of customers in a database. Probably got an intern on to it1IdleHans said:Just had an email from Octopus Energy advising that the Avro energy account is being moved there on a tariff that will be cheaper than anything the big 6 are offering and lower than any fixed tariff they are offering new customers on their own website.
I have to say, very efficient.
Let's see what happens when they actually have to do something!1 -
I get that. What I meant was less than a week after Avro going tits up, Ofgem have allotted a new supplier who have a specific tariff and they've been in touch. I expected this to take 10-14 days, but I suppose they have had a bit of practice recently.stevexreeve said:
Anyone who knows a bit about computers can send out a generic email to a table of customers in a database. Probably got an intern on to it1IdleHans said:Just had an email from Octopus Energy advising that the Avro energy account is being moved there on a tariff that will be cheaper than anything the big 6 are offering and lower than any fixed tariff they are offering new customers on their own website.
I have to say, very efficient.
Let's see what happens when they actually have to do something!2 -
Just had an email from Shell energy, they are taking over from Green, don't know what tariff charges will be yet.0
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Same hereIdleHans said:Just had an email from Octopus Energy advising that the Avro energy account is being moved there on a tariff that will be cheaper than anything the big 6 are offering and lower than any fixed tariff they are offering new customers on their own website.
I have to say, very efficient.0 -
Ok I'm setting myself up to be shouted at here but maybe this advice might be of use to some people.
I got pissed off with the amount I was paying for electricity about a year ago. It was mental at over £600 a month and that is taking into account that I have solar panels.
I bought 40kw of battery storage and went to a tariff called Agile from Octopus. It basically charges the batteries when the grid prices are low ( a bit like trading ) it sounds complicated but it isnt as it does it automatically if you have a smart meter. Over the last year my electricity bill has dropped amazingly as my batteries are charged overnight at an average of 4p kw believe it or not quite a few times I have actually been paid to draw electricity when the grid needed to dump surpluses.
It was an investment of £12k but it will easily pay back within 2 years. For most people the investment would be as high as you wouldnt need as many batteries. Just advising people to have a look into it and future proof yourself1 -
£600pm for electricity?
You could runs a cannabis farm for less.
I pay about £60pm for electricity and £60pm for gas (on average).4 -
'kin hell mate.AndyG said:Ok I'm setting myself up to be shouted at here but maybe this advice might be of use to some people.
I got pissed off with the amount I was paying for electricity about a year ago. It was mental at over £600 a month and that is taking into account that I have solar panels.
I bought 40kw of battery storage and went to a tariff called Agile from Octopus. It basically charges the batteries when the grid prices are low ( a bit like trading ) it sounds complicated but it isnt as it does it automatically if you have a smart meter. Over the last year my electricity bill has dropped amazingly as my batteries are charged overnight at an average of 4p kw believe it or not quite a few times I have actually been paid to draw electricity when the grid needed to dump surpluses.
It was an investment of £12k but it will easily pay back within 2 years. For most people the investment would be as high as you wouldnt need as many batteries. Just advising people to have a look into it and future proof yourself
How big's your kettle?1 -
Same here.guinnessaddick said:Just had an email from Shell energy, they are taking over from Green, don't know what tariff charges will be yet.0 -
Unless you live in a castle £600 a month for electricity (you never mentioned gas) is a huge amount. I kicked British Gas into touch because I was paying £150.00 a month and if you look above I do not live in a small house.AndyG said:Ok I'm setting myself up to be shouted at here but maybe this advice might be of use to some people.
I got pissed off with the amount I was paying for electricity about a year ago. It was mental at over £600 a month and that is taking into account that I have solar panels.
I bought 40kw of battery storage and went to a tariff called Agile from Octopus. It basically charges the batteries when the grid prices are low ( a bit like trading ) it sounds complicated but it isnt as it does it automatically if you have a smart meter. Over the last year my electricity bill has dropped amazingly as my batteries are charged overnight at an average of 4p kw believe it or not quite a few times I have actually been paid to draw electricity when the grid needed to dump surpluses.
It was an investment of £12k but it will easily pay back within 2 years. For most people the investment would be as high as you wouldnt need as many batteries. Just advising people to have a look into it and future proof yourself0 -
It is a big place yes 8 bedrooms, 8 bathrooms and a few other living rooms and I have 4 teenagers plus a 22 year old still living at home. Before anyone starts i live in North Wales and my place is probably worth less than most in London.
I dont have gas as off mains gas grid. Heating provided by 2 big ASHP's2 -
You was right about the cannabis farm then.Covered End said:£600pm for electricity?
You could runs a cannabis farm for less.
I pay about £60pm for electricity and £60pm for gas (on average).
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Fair play then, £600 a month seems cheap but sounds like you have cracked it with your new scheme. Good luck with it.AndyG said:It is a big place yes 8 bedrooms, 8 bathrooms and a few other living rooms and I have 4 teenagers plus a 22 year old still living at home. Before anyone starts i live in North Wales and my place is probably worth less than most in London.
I dont have gas as off mains gas grid. Heating provided by 2 big ASHP's0 -
How's the performance/reliability of the ASHP?0
