consumer is protected either way

it's probably actually better for consumers for Govt to prop up Bulb financially as it socialises the losses across the entire UK from general tax revenues rather than being absorbed by the energy companies and passed back to households directly via our bills

They've missed the boat now but this could have been mitigate had they permitted an emergency price cap adjustment.

eg my own provider was reasonably well hedged for the immediate future but was sunk because there is no prospect of returning to profitability in the near term due to the cap so their funder pulled the plug.

Posted By: CWC on November 25th 2021 at 11:06:48

Message Thread

Blub off (General Chat) - NxNW, Nov 25, 07:08:04
- If I understand this correctly… (General Chat) - Ruttles, Nov 25, 09:26:20
  - consumer is protected either way (General Chat) - CWC, Nov 25, 11:06:48
  - Aren't Bulb just being fucked over by the price cap? (General Chat) - Ben, Nov 25, 10:49:36
  - Politically more important to save bulb as its renewable energy ? (n/m) (General Chat) - loz, Nov 25, 09:47:10
    - It is too big for the more stable suppliers to absorb (General Chat) - watfordcanary, Nov 25, 11:02:21
    - other green providers have been let go (General Chat) - CWC, Nov 25, 11:01:50
      - The larger companies have bought ahead for the Winter based on their forecast of customers (General Chat) - watfordcanary, Nov 25, 11:06:16
    - Or is a minister mates with someone that has a vested interest in keeping them afloat? (n/m) (General Chat) - NxNW, Nov 25, 09:55:14
  - We've been switched to British Gas after our supplier was one of the first two which went (General Chat) - NxNW, Nov 25, 09:37:47
    - We're in the same boat even though our supplier was "funded" by BP (General Chat) - Ruttles, Nov 25, 11:49:54
- kwarteng is a cunt (n/m) (General Chat) - earthleakage, Nov 25, 07:12:05

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