GB Energy No Longer Trading

Jim6241

THANKS HENGUS

I've read your post#2 link about SoLR.

I am going to hold fire with my account and let the process take it's course.

If I try to move supplier now, it will only get complicated.

I will see who is taking over GB's customers and may stay or go then as that is when we will be offered the choice. Fingers crossed my £220 credit moves as well. But I have high hopes it will.
So I'm not panicking yet.

System

Jim6241 wrote: »

THANKS HENGUS

I've read your post#2 link about SoLR.

I am going to hold fire with my account and let the process take it's course.

If I try to move supplier now, it will only get complicated.

I will see who is taking over GB's customers and may stay or go then as that is when we will be offered the choice. Fingers crossed my £220 credit moves as well. But I have high hopes it will.
So I'm not panicking yet.

It's the last bit that has not been tested following Ofgem's recent consultation. I have cancelled my DD as I am about £60 in credit and I am now 3 weeks into a switch to another supplier.

Make of this what you will:

https://www.ofgem.gov.uk/system/files/docs/2016/10/2016-10-21_decision_letter_on_supplier_insolvency.pdf

I sense that it is the response of a Regulator which does put consumers at the centre of its thinking. I hope that I am proved wrong.

My guess is that GB jumped the gun with its post and OFGEM asked for it to be removed to avoid customer panic. I fear that though the damage has been done.

Neil_Jones

If this is true and GB Energy have gone or are going, it's a shame but it was a good little "gravy train" so to speak while it lasted. Under them I never paid more than 10p per kWh for electricity over the last year, so I suppose I haven't had too raw a deal.

Shall wait and see how this pans out and if we are moving, where we're moving to and take it from there.

sillygoose

Really annoyed if they go under, my day/night meter readings are still currently messed up by them (switched over) so that will make switching messy no doubt.

The next cheapest for me comes up as the COOP but everywhere on the web says they are an even bigger screw up than GB Energy.

Next best deal is Avro but its a heck of a lot more expensive than what I am on by 6p a day more standing charge and 2.5p per kw/h.

Ferie

Neil_Jones wrote: »

If this is true and GB Energy have gone or are going, it's a shame but it was a good little "gravy train" so to speak while it lasted. Under them I never paid more than 10p per kWh for electricity over the last year, so I suppose I haven't had too raw a deal.

Shall wait and see how this pans out and if we are moving, where we're moving to and take it from there.

Hello everyone, I don't want to alarm nobody, but the latest news are that on Wednesday the whole GB Energy team that managed the website was dismissed.
So, at the moment, I dunno if there were a problem this morning that has accidentally shown that message or maybe it was placed on pourpose.

All the best for all of you.

Raging_Bull

Asked to swap suppliers earlier in the week so this could be interesting... Is it worth cancelling the DD coming out soon to avoid more credit not being returned?

poppasmurf_bewdley

Ferie wrote: »

Hello everyone, I don't want to alarm nobody, but the latest news are that on Wednesday the whole GB Energy team that managed the website was dismissed.
So, at the moment, I dunno if there were a problem this morning that has accidentally shown that message or maybe it was placed on pourpose.

All the best for all of you.

That's interesting.

Many years ago, I worked on a newspaper who gave an advertisement salesman a weeks notice and during that time he got his revenge by putting in some fake ads saying that x business was closing down with immediate effect.

It cost the newspaper quite a lot in compensation.

sillygoose

Ferie wrote: »

Hello everyone, I don't want to alarm nobody, but the latest news are that on Wednesday the whole GB Energy team that managed the website was dismissed.
So, at the moment, I dunno if there were a problem this morning that has accidentally shown that message or maybe it was placed on pourpose.

All the best for all of you.

That is an interesting twist, imagine if the web team were fired and they still had the access passwords, if they were feeling naughty they could put up a 'ceased trading' page for revenge until management got back control.

But that doesn't explain the zero customer service recently so more likely gone bust it has..

EDIT As post above.. ditto lol.

alanwsg

It was just read out as "Breaking news" on BBC news channel.

mparter

That'll explain why they haven't been answering calls or responding to their website.

I'm over £400 in credit, will this be safe?