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Author Topic: Another one gone  (Read 944 times)

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Lizzie Zoom

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Another one gone
« on: 22 November 2021, 17:24:40 »

Yet another energy supplier has gone to the wall.  This time it is Bulb. Well into administration that is, but who is going to take them on in that crisis hit industry?

So the estimated cost of these failures for the rest of us is going to climb from £100 for the year as the costs get passed on :( :(
« Last Edit: 22 November 2021, 17:28:57 by Lizzie Zoom »
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Doctor Gollum

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Re: Another one gone
« Reply #1 on: 22 November 2021, 17:35:28 »

They are brokers, not suppliers. ::)

They keep going out of business because their business models are based on unsustainable growth rates and low energy prices... ie not the current inflation driven climate (no pun intended).

Exactly the same reason as airlines such as Norwegian rarely survive if fuel cost rise and load factors/passenger revenues drop. Their profits are based on false assumptions.
« Last Edit: 22 November 2021, 17:39:07 by Doctor Gollum »
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Lizzie Zoom

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Re: Another one gone
« Reply #2 on: 22 November 2021, 17:51:03 »

They are brokers, not suppliers. ::)

They keep going out of business because their business models are based on unsustainable growth rates and low energy prices... ie not the current inflation driven climate (no pun intended).

Exactly the same reason as airlines such as Norwegian rarely survive if fuel cost rise and load factors/passenger revenues drop. Their profits are based on false assumptions.

To the consumer they are suppliers, as per their web site:

https://bulb.co.uk/

 :D
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Varche

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Re: Another one gone
« Reply #3 on: 22 November 2021, 17:52:26 »

Good question Lizzie. My answer is the UK government ultimately. People can’t really manage without electric.

Soaring energy prices aren’t unique to Britain. Here in Spain the farmers are “striking” over 270% increase in electric without produce going up a commensurate price.
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Field Marshal Dr. Opti

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Re: Another one gone
« Reply #4 on: 22 November 2021, 17:56:20 »

Good question Lizzie. My answer is the UK government ultimately. People can’t really manage without electric.

Soaring energy prices aren’t unique to Britain. Here in Spain the farmers are “striking” over 270% increase in electric without produce going up a commensurate price.

Extra jumper and raw food. ;)
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STEMO

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Re: Another one gone
« Reply #5 on: 22 November 2021, 18:05:22 »

The taxpayer will be on the hook for this one, until it can be offloaded.
The government has to take some of the blame for this, or the energy regulator anyway. Imagine Tesco having to pay £1 for a loaf of bread and only being able to sell it for 90p.
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Lizzie Zoom

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Re: Another one gone
« Reply #6 on: 22 November 2021, 18:14:53 »

The taxpayer will be on the hook for this one, until it can be offloaded.
The government has to take some of the blame for this, or the energy regulator anyway. Imagine Tesco having to pay £1 for a loaf of bread and only being able to sell it for 90p.

Only the other day an energy observer estimated, as I said, an extra £100 per year on all our bills no matter what energy supplier we are with.

The government hold our money and costs, so will have to pass the cost of the collapsed suppliers to us.

As for the loaf of bread;  I think it may be more like £0.90 selling price, but the cost is more like £1.80, especially with the gas element of the industry!! :o :o :o :'( :'(
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Lizzie Zoom

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Re: Another one gone
« Reply #7 on: 22 November 2021, 18:40:17 »

Good question Lizzie. My answer is the UK government ultimately. People can’t really manage without electric.

Soaring energy prices aren’t unique to Britain. Here in Spain the farmers are “striking” over 270% increase in electric without produce going up a commensurate price.

I think you are very right Varche on that one.  Perhaps nationalisation will eventually raise its head.
After all we, the public, will end up owning the energy industry the way it is going!! ::) ;D ;)
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STEMO

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Re: Another one gone
« Reply #8 on: 22 November 2021, 19:11:29 »

I'll be paying nothing extra till my fix ends in 18 months.
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Rangie

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Re: Another one gone
« Reply #9 on: 22 November 2021, 19:27:11 »

I'll be paying nothing extra till my fix ends in 18 months.



Same here 🤗
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Sir Tigger KC

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Re: Another one gone
« Reply #10 on: 22 November 2021, 19:35:54 »

Smug bastids!  >:(                                          ::)                                              :P                                             ;D
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STEMO

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Re: Another one gone
« Reply #11 on: 22 November 2021, 19:39:23 »

Smug bastids!  >:(                                          ::)                                              :P                                             ;D
Smug? Nah, just a case of having a bit of foreskinsight.  :)
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Rangie

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Re: Another one gone
« Reply #12 on: 22 November 2021, 19:42:34 »

Smug bastids!  >:(                                          ::)                                              :P                                             ;D



Us poor old pensioners have got to be careful with the pennies you know..😉
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STEMO

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Re: Another one gone
« Reply #13 on: 22 November 2021, 19:44:43 »

Smug bastids!  >:(                                          ::)                                              :P                                             ;D



Us poor old pensioners have got to be careful with the pennies you know..😉
Quite right, Mick. What did you spend your winter fuel payment on? Bet it wasn't gas   ;D
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Varche

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Re: Another one gone
« Reply #14 on: 22 November 2021, 19:45:37 »

Pull the drawbridge up, I m alright ( insert name here)

You will however have to contribute taxwise. 90% rate for castle owners  :y
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