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UK diy (uk.d-i-y) For the discussion of all topics related to diy (do-it-yourself) in the UK. All levels of experience and proficency are welcome to join in to ask questions or offer solutions. |
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Energy firms going bust
On 29/10/2019 14:03, Robin wrote:
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, leaving Ofgem to pick up the pieces.Â* Ofgem have lately started being a bit tougher on this - see eg https://www.ft.com/content/1c2c8b10-f49b-11e9-b018-3ef8794b17c6Â* But many consumers just chase the lowest price (or greenest spin) without regard to customer service. But often it's the companies with the highest prices that have the poor customer service! -- mailto : news {at} admac {dot} myzen {dot} co {dot} uk |
#2
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Energy firms going bust
On 29/10/2019 15:20, alan_m wrote:
On 29/10/2019 14:03, Robin wrote: 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, leaving Ofgem to pick up the pieces.Â* Ofgem have lately started being a bit tougher on this - see eg https://www.ft.com/content/1c2c8b10-f49b-11e9-b018-3ef8794b17c6Â* But many consumers just chase the lowest price (or greenest spin) without regard to customer service. But often it's the companies with the highest prices that have the poor customer service! Name them:-) -- Adam |
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