Energy bills: How spanked will YOU get?

Spanked or smug?

Spanked - my energy company will perish
9
38%
Smug - strong company, great nation
9
38%
Neither - Mummy pays for my electric
6
25%
 
Total votes: 24
Charlie Wells
Posts: 360
Joined: Tue 02 Nov, 2004 16.23
Location: Cambridgeshire

scottishtv wrote: Mon 17 Oct, 2022 12.27
scottishtv wrote: These rates are meant to be in place until end of September 2024.
So, when's a guarantee not a guarantee? When it's the government's Energy Price Guarantee. These capped unit rates on your whole domestic bill now only in place until the end of March, it seems.

No detail on what happens next, but higher domestic bills for many seem likely.
It seems Martin Lewis may have got wind of this revised announcement overnight.
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Martin Phillp
Posts: 1482
Joined: Wed 11 May, 2011 01.28

It's taken a while to finalise, but Bulb is becoming part of Octopus Energy from the end of November. Any profits made if any will be shared with the Government for up to four years.

https://www.bbc.co.uk/news/business-63437352
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thegeek
Posts: 869
Joined: Sat 04 Jun, 2005 12.35

Octopus are also, I think, the first supplier to incentivise customers to use less energy than usual at peak times. Rather than increasing unit prices, they're applying it as bill credit (or letting you donate it to charities).

They'll let you know a day in advance a 1-4 hour period where, presumably, they expect surge generation (eg coal or gas plants) would be fired up, then give you credits if you use less than you've historically used in similar time periods.

Nothing ventured, nothing gained, so I've signed us up. Some more info on how it works here.
Martin Phillp
Posts: 1482
Joined: Wed 11 May, 2011 01.28

M&S are pulling out of the utility business, customers will be switched to their partner Octopus.
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WillPS
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Joined: Tue 22 Apr, 2008 18.32
Location: Carlton
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Martin Phillp wrote: Thu 16 Feb, 2023 13.37 M&S are pulling out of the utility business, customers will be switched to their partner Octopus.
They're already Octopus customers, all that changes is the branding associated with their account. Just the same as when the previous arrangement with SSE ended.
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Martin Phillp
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Joined: Wed 11 May, 2011 01.28

Shell Energy is up for sale with Octopus Energy, Ovo and Centrica reportedly interested.
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rob
Posts: 1073
Joined: Sat 06 Sep, 2003 12.01
Location: Overton, Hampshire
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I was with Bulb, but I've now been switched to Octopus.

Bulb sent me temporary top up barcodes while my accounts were being transferred over. However, they didn't work. They apologised and sent me a £50 voucher as compensation.
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Martin Phillp
Posts: 1482
Joined: Wed 11 May, 2011 01.28

Octopus Energy to acquire Shell Energy.

https://www.bbc.co.uk/news/business-66684386
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WillPS
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Joined: Tue 22 Apr, 2008 18.32
Location: Carlton
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Martin Phillp wrote: Fri 01 Sep, 2023 18.03 Octopus Energy to acquire Shell Energy.

https://www.bbc.co.uk/news/business-66684386
It'll be interesting to see if they keep the broadband business (which first:utility started and grew considerably when they took over Post Office broadband).
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thegeek
Posts: 869
Joined: Sat 04 Jun, 2005 12.35

broadband feels pretty non-core to them - I can see them selling it on to someone else pretty quickly.
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WillPS
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thegeek wrote: Sat 02 Sep, 2023 16.37 broadband feels pretty non-core to them - I can see them selling it on to someone else pretty quickly.
That's what I thought but apparently the parent company does have ISP interests, including Cuckoo and Jurassic Fibre.
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