On 29/10/2019 21:20, The Marquis Saint Evremonde wrote:
Robin posted

For far too long it's been possible to make a one-way bet as a small
energy supplier by offering a cheap tariff.Â* If wholesale prices fall
you pocket a profit.Â* If wholesale prices rise you liquidate the
company and walk away,

It seems unlikely that you can do this without committing some cash to
the venture that you will not get back.


Oh yes. But not a lot of cash. Supply companies were set up negligible
share capital. A licence to supply only cost £450 or so. No need to
lodge a bond or indemnity. And you could of course both set up the
company and work for it, drawing a salary and pension contributions from
day 1. Until this year there wasn't even a "fit and proper person" test
or checks for sufficient finance.

--
Robin
reply-to address is (intended to be) valid