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Another one bites the dust

Posted: Tue Jan 18, 2022 5:17 pm
by Countrypaul
Council backed energy supplier goes bust:

https://www.bbc.co.uk/news/business-60038685

Re: Another one bites the dust

Posted: Tue Jan 18, 2022 5:26 pm
by nowty
Following Warrington Borough Council's initial £18m investment in Together Energy, the authority later lent it a further £20m.

Ouch. :shock:

Re: Another one bites the dust

Posted: Tue Jan 18, 2022 5:36 pm
by AE-NMidlands
Private Eye has been predicting this for months (years?) It's a shame given their brave and good intentions, but it seems that the quality or realism of the advice that the councillors backing these ventures have had is naive - to put it mildly.

I don't know what the answer is for people who can't buy in to anything like Ripple, let alone afford to insulate their houses enough to cut their fuel bills - that's if they own the house. I haven't even completed insulating mine properly and I have owned it for decades. Odds-on theirs are rented and the landlord won't care anyway.

You can't avoid Politics because that is what drives public policy, the roll-out of energy conservation measures etc. I cannot believe that there isn't more opprobrium (there is a more appropriate 4-letter word!) being dumped on the govt for the failure of the last green/insulating initiative.
A