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Bulb about to blow

Posted: Mon Nov 22, 2021 11:58 am
by dan_b

Re: Bulb about to blow

Posted: Mon Nov 22, 2021 12:54 pm
by Stinsy
Allowing a company with 10 or 20k customers to fail and expecting a big company to take the loss-making customers on, is one thing. 2million customers is a whole other story. That is where the system no longer works. I can’t see government having any other choice but to prop them up.

Re: Bulb about to blow

Posted: Mon Nov 22, 2021 12:55 pm
by dan_b
Bulb is actually bigger in customer numbers terms than Octopus.
The only energy companies "bigger" than Bulb in the UK are:

British Gas – The largest energy company in the UK.
EDF Energy
E.ON
npower
Scottish Power
SSE

Re: Bulb about to blow

Posted: Mon Nov 22, 2021 12:57 pm
by Mr Gus
Back to "the big six"
Can't help wondering can you!?

Re: Bulb about to blow

Posted: Mon Nov 22, 2021 1:35 pm
by Stinsy
Mr Gus wrote: Mon Nov 22, 2021 12:57 pm Back to "the big six"
Can't help wondering can you!?
The "big six" will come out of this stronger. They'll have fatter customer books and fewer competitors. Is this a failure of the system? or Is this how the system was designed?

Re: Bulb about to blow

Posted: Mon Nov 22, 2021 1:36 pm
by AE-NMidlands
Mr Gus wrote: Mon Nov 22, 2021 12:57 pm Back to "the big six"
Can't help wondering can you!?
The original linked article says
The collapse of one of the biggest challengers to the big players - the largest of which are British Gas, E.ON Next, EDF Energy, Scottish Power and Ovo Energy, which acquired SSE's retail business - would be a blow to hopes of a more varied and competitive market.

Octopus Energy, which like Bulb supplies 100% renewable energy, has established itself as an independent, well-funded challenger and now boasts 2.5 million customers across more than four million accounts.
so that puts Octopus as no. 6 now, not quite the same "Big 6!"
A

Re: Bulb about to blow

Posted: Mon Nov 22, 2021 1:38 pm
by nowty
That's going to be a another few hundred quid on everyone's bills. :o

Re: Bulb about to blow

Posted: Mon Nov 22, 2021 10:11 pm
by Oliver90owner
Are there more than seven left? Shell is number 7 - they should be well backed!

Re: Bulb about to blow

Posted: Mon Nov 22, 2021 10:24 pm
by nowty
Oliver90owner wrote: Mon Nov 22, 2021 10:11 pm Are there more than seven left? Shell is number 7 - they should be well backed!
There are loads more small ones who are going to fail, the small ones are no problem to deal with but "Bulb" or any larger ones cannot be passed on without government help or else the rest will collapse like a pyramid scheme and re-nationalisation almost guaranteed.

Re: Bulb about to blow

Posted: Mon Nov 22, 2021 10:26 pm
by Oliver90owner
Yes, I found a few. All costing far more than current top 7.