It's still under construction, so please bear with me
Started by Blue Jam, November 22, 2021, 02:55:35 PM
Quote from: greencalx on November 22, 2021, 02:58:01 PMOh fuck. I quite liked Bulb, on account of the fact that they were the only energy company not to hassle me all the fucking time. My understanding is that you should get transferred to a different supplier (British Gas, most likely, whose clutches I will have to escape for the third time) with your credit intact.
QuoteBulb will become the first energy company to be placed into "special administration", where it is run by the government through the regulator Ofgem.This measure is only used if Ofgem is unable to find another company to take over an energy firm's customers.Bulb is the UK's seventh biggest energy company and has 1,000 staff. It has been trying to shore up its balance sheet for several weeks.Ofgem set up the Special Administrator Regime (SAR) for when an energy company goes bust but is too big to have its customers transferred to another firm.
QuoteIt is written into the rules that a special administrator, unlike an ordinary administrator, has an obligation to consider consumers' interests as well as those of creditors who are owed money by Bulb.
Quote from: pigamus on November 22, 2021, 03:43:52 PMI'm with E.On, how are they doing
Quote from: Jerzy Bondov on November 22, 2021, 03:57:29 PMSuspect if any of the big 6 get in trouble they will be bailed out with taxpayer money
Quote from: Blue Jam on November 22, 2021, 02:55:35 PMWhen did energy companies all start doing this instead of just billing you for what you've actually used?
Quote from: Dr Rock on November 22, 2021, 04:39:14 PMI was hoping for this, as owe Bulb several thousand pounds. Now what?
Quote from: Mobbd on November 22, 2021, 04:18:17 PMGood question. I was out of the country between 2009 and 2015. I came back to this shambles, a situation/policy I had never heard of before. So it happened somewhere between those years, I reckon. And now it seems to be normal and expected.
Quote from: Huxleys Babkins on November 22, 2021, 04:52:19 PMEither they'll survive and you'll still owe them several thousand pounds, or they'll die and you'll be assigned a new energy company who you'll then owe several thousand pounds.
Quote from: Shit Good Nose on November 22, 2021, 04:56:23 PMas far as I know, ALL suppliers MUST get their customers (who are not on pre-payment meters) to set up direct debits.
Quote from: Dr Rock on November 22, 2021, 05:22:18 PMWhen did this come in? I signed up to Bulb about four years ago, not on direct debit or pre-payment.
Quote from: Shit Good Nose on November 22, 2021, 04:56:23 PMFollowing that the domestic industry regs changed and, as far as I know, ALL suppliers MUST get their customers (who are not on pre-payment meters) to set up direct debits.
Quote from: Shit Good Nose on November 22, 2021, 03:50:36 PMKeep your eyes on Ovo (who bought SSE's domestic business a few years ago [SSE are not in trouble, they're just concentrating on supplies to commercial and industrial now]) and Octopus.
Quote from: Mobbd on November 22, 2021, 04:18:17 PMGood question. I was out of the country between 2009 and 2015. I came back to this shambles, a I remember sputtering like a blustery gammon on the phone. The call centre person said "well how much could you afford?" as if being regularly billed for energy I hadn't used was a matter of being able to afford it. Bizarre.
Quote from: TrenterPercenter on November 22, 2021, 06:49:52 PMIf you haven't paid your bill and your supplier goes bust do you still have to pay them?
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