OwenMoney:
Bristol Energy owner is latest UK supplier to go bust.The energy regulator, Ofgem, will appoint a new supplier to take on the 176,000 households affected by the collapse of its parent company, Together Energy, which is part-owned by Warrington Borough Council.
Together’s collapse makes it the 27th energy supplier to go bust since gas market prices began a steep ascent.The fate of another 1.7m Bulb Energy accounts is yet to be decided by a special administrator, which was appointed to handle the large-scale collapse.
Gillian Cooper, the head of energy for Citizens Advice, said: “As well as causing considerable disruption and confusion for customers, today’s announcement will add to the £2.6bn bill consumers are already facing due to these failures.”
The truth is the ‘steep ascent’ so far has meant around 3p per kwh to 4p per kwh for gas.
But it’s 16p to over 20p per kwh for electric.
It’s clear what they are worried about and it’s got nothing to do with the less than 1p per kwh on gas.
It’s got everything to do with what happens when the government tries to equalise gas prices with electric to force the change to all electric with resulting defaults on bill payments.
Maybe the Citizens Advice Bureau should be calling for our withdrawal from the Paris Accords which is what’s driving this debacle.
The truth is we’re sitting on a sea of gas and coal gas which they want to export to ‘developing countries’ while tying us into a nuclear fuelled all electric captive market at over 20p per kwh.