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Be prepared for a nasty shock if your energy supplier goes bust

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  • Pete.8Pete.8 Posts: 11,340
    steveTu said:
    Yep - that's what they were saying. But global warming and CO2 as a greenhouse gas are bed partners. Surely, after 60 years plus (70..80..?) of knowing that there was an issue with CO2 you would have hoped that someone had looked at extracting the CO2 from the atmosphere wouldn't you (done - here https://theconversation.com/engineers-have-built-machines-to-scrub-co-from-the-air-but-will-it-halt-climate-change-152975)? - so not have to rely on CO2 being created from another process - which in itself should be being part of that capturing process. How can you have shortage of CO2?

    I very much agree @steveTu and it's even more dispiriting that I've read that not only is the world on course not to have reduced CO2 emissions by 45% in the next 10 years, we're on track to INCREASE CO2 emissions by 16% in the next 10 years.
    I can't see how we can survive that.

    We've raped the planet and shown no respect whatsoever for the world in which we live.
    Earth is fighting back and will likely clear the planet of the infestation of humans that have wrecked such havoc and we have no one to blame but ourselves.


    Billericay - Essex

    Knowledge is knowing that a tomato is a fruit.
    Wisdom is not putting it in a fruit salad.
  • FireFire Posts: 19,096
    edited September 2021
  • I’m guessing I stay put and see what happens then (I’m with Bulb)? 

    They may find help…. 


  • Pete.8Pete.8 Posts: 11,340
    Fire said:
    I couldn't read the article without subscribing, but found a cached version here-
    https://webcache.googleusercontent.com/search?q=cache:5EslxPgllREJ:https://afegames.com/why-some-see-the-hand-of-russia-in-europes-gas-price-crisis/+&cd=17&hl=en&ct=clnk&gl=uk

    The tone of the article seems to indicate Mr Putin has involvement - which doesn't come as a surprise

    Billericay - Essex

    Knowledge is knowing that a tomato is a fruit.
    Wisdom is not putting it in a fruit salad.
  • steveTusteveTu Posts: 3,219
    I thought I heard a few weeks back about the Gov sanctioning opening up of new fields - off near Shetland? Didn't that result in protests? But the issue is that we still build houses that use gas and that will potentially be the case til 2025, so we need a secure supply. Ditto with oil - we're not going to go electric overnight - so in the change over period the world will still need supplies of gas and oil. You can see an issue there though can't you - for as long as you use it you need investment to keep it going - but who will want to invest in providing sources if it's short term? Whoever has the current infrastructure to retrieve the gas/oil and provide it isn't likely to be threatened too much with new sources coming on the market is it? I heard one of suppliers today on R4 saying we should be pressing on to go completely renewable within 10 years. That's great - but it's that 10 years that poses the problem for a diminishing few isn't it? Although, I still haven't seen 'the grand plan' to say how we move away from gas in that period that doesn't involve quite an expense on the householders' part. Maybe higher gas prices will make the move to 'source' pumps more attractive over that period?
    UK - South Coast Retirement Campus (East)
  • Fire, the only trouble with a fixed tarif is ifthe price of fuel rockets,company can't increase your price they go bust
  • Never a truer word @Pete.8
    I think the clearing of the infestation has already begun.
    The whole truth is an instrument that can only be played by an expert.
  • FireFire Posts: 19,096
    edited September 2021
    Fire, the only trouble with a fixed tarif is if the price of fuel rockets, company can't increase your price they go bust 

    Yes, indeed, @Nanny Beach - that is a downside.

    Octopus saying they are taking the hit rather than passing it on to customers; For the moment, at least. They are big enough to take price shocks a bit easier. For smaller, over-optimistic or newer companies with no cushioning, it's not possible to weather crazy market storms. It seems about four other energy companies are about to go to the wall.

    Perhaps those UK companies using a higher element of bio-digestor gas rather than Russian gas might have a bit more price stability. But digestors come with their own set of problems.

    I get the impression that lots of small companies get into the market wanting to make a quick profit. This seems like a daft move - for the investors and the customers. It's a high risk, unstable market, not to dabble in without serious underpinning. For customers to go with a smaller, new firm, even if cheaper, will always be a risk.


  • didywdidyw Posts: 3,573
    This just in from Look After My Bills:

    Ofgem have now announced that EDF will be taking over your supply!

    Here’s what’ll happen now:
    In the coming weeks, your new supplier will get in touch with you as they begin taking over your supply.We won’t try switching you until this process is complete. It’s best to sit tight as any switch attempt you make may be blocked until they have fully taken over.Your new supplier may try and offer you a different tariff, with a fixed term. It’s best not to agree to any new contract with them, as it will prevent us from switching you to a new supplier.Once you are with your new supplier, we will run a comparison to scan the market for a deal worth switching you to. The good news is that you will not be charged any exit fees if we begin to switch you.EDF are the French energy company which is planning on building Sizewell C. which will have a massive impact on local roads etc - as well as being right next to Minsmere bird sanctuary/nature reserve (Springwatch filmed there for a few years).  Hopefully I will be switched to a new supplier soon.
    Gardening in East Suffolk on dry sandy soil.
  • FireFire Posts: 19,096
    I was with EDF years ago - horrible. Switch away when you can.
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