Neon Reef - any views?

EssexHebridean

Deleted_User said:

Also interesting to note, as previously referred to, that very few of the supplier CODE names bear any relation to the actual Company name. So no way could you work out/guess the Company from the CODE. The Dyball effect.  

There are a heck of a lot of shortenings of American state names there though - I'm assuming that tells us something? 

BigBlueSky

EssexHebridean said:

There are a heck of a lot of shortenings of American state names there though - I'm assuming that tells us something? 

When they were setting up the companies they couldn't think of any names so instead worked their way through all the American states.

MWT

EssexHebridean said:

Deleted_User said:

Also interesting to note, as previously referred to, that very few of the supplier CODE names bear any relation to the actual Company name. So no way could you work out/guess the Company from the CODE. The Dyball effect.  

There are a heck of a lot of shortenings of American state names there though - I'm assuming that tells us something? 

When you are packaging up an off-the-shelf supplier so it is ready to go, you need to have a company under which to register and obtain all the necessary licenses. That just needs to be a temporary name which will be changed as part of the process of selling the 'supplier' to its new owner.

They could have been called 'Dyball One', 'Dyball two' etc. but they just picked state names.

EssexHebridean

Certainly makes it an easier game to see which come under that same umbrella at a glance though, when you know, doesn't it! 

MWT

EssexHebridean said:

Certainly makes it an easier game to see which come under that same umbrella at a glance though, when you know, doesn't it! 

Also when they group together as a single voting block it raises a query or two when these are supposed to be independent competing entities...

WillPS

MWT said:

EssexHebridean said:

Certainly makes it an easier game to see which come under that same umbrella at a glance though, when you know, doesn't it! 

Also when they group together as a single voting block it raises a query or two when these are supposed to be independent competing entities...

Block voting is not an uncommon setup in situations where you have collaboration between broadly aligned parties of differing sizes, it's not perfect but it allows for participants to have a voting weight proportionate to their influence in that market.

Patr100

dbks said:

Patr100 said:

I hesitated to post this earlier , if you haven't seen it . A tangled web , indeed....

Another firm, Dorset-based Utility Point, joined the market in 2018 and supplied 220,000 customers – it ceased trading two weeks ago. 
Accounts show it lost £5.5 million in 2020. Utility Point was another of Mr Dyball’s off-the-shelf energy firms. He resigned his directorship and transferred it to current directors, Benjamin Bolt and Paul Yarwood, in 2017.
They run another energy supplier, Neon Reef, which was one of five small energy suppliers warned by Ofgem last week after missing a payment for a government environmental scheme. 
It was originally called Oregon Energy and Mr Dyball transferred the firm to the current directors in 2018.
Other firms with links to Mr Dyball have also missed payments to Ofgem, including Colorado Energy, which failed to pay £261,406. 

https://www.dailymail.co.uk/news/article-10028689/The-man-whos-fortune-helping-set-SEVEN-collapsed-energy-suppliers.html

Perhaps you should have hesitated further, whilst you carried out a simple search.

Mr Dyball, unsurprisingly, is linked to and runs Dyball Associates Ltd.

I posted about them just last month (in another thread on this board)
https://forums.moneysavingexpert.com/discussion/comment/78651610/#Comment_78651610

In fact, I now see another post almost 3 years ago in a similar vein
https://forums.moneysavingexpert.com/discussion/comment/75250789/#Comment_75250789

(there may be others, too)

I hope that untangles things for you 

Note: I said "if you haven't seen it ". ie the article for background information. I only hesitated because it was the Mail Online - not renowned for high journalistic ethics.
Regardless  if you posted elsewhere on this forum or there are historical posts.

MWT

WillPS said:

MWT said:

EssexHebridean said:

Certainly makes it an easier game to see which come under that same umbrella at a glance though, when you know, doesn't it! 

Also when they group together as a single voting block it raises a query or two when these are supposed to be independent competing entities...

Block voting is not an uncommon setup in situations where you have collaboration between broadly aligned parties of differing sizes, it's not perfect but it allows for participants to have a voting weight proportionate to their influence in that market.

True, it just looks a little odd when the common factor is who created and sold the entity in the first place, rather than some other common purpose.

This is good reason to be at least a little curious ...

https://www.ofgem.gov.uk/publications/decision-impose-financial-penalties-economy-energy-e-gas-and-electricity-and-dyball-associates-following-investigation-infringement-chapter-i-competition-act-1998

WillPS

MWT said:

WillPS said:

MWT said:

EssexHebridean said:

Certainly makes it an easier game to see which come under that same umbrella at a glance though, when you know, doesn't it! 

Also when they group together as a single voting block it raises a query or two when these are supposed to be independent competing entities...

Block voting is not an uncommon setup in situations where you have collaboration between broadly aligned parties of differing sizes, it's not perfect but it allows for participants to have a voting weight proportionate to their influence in that market.

True, it just looks a little odd when the common factor is who created and sold the entity in the first place, rather than some other common purpose.

This is good reason to be at least a little curious ...

https://www.ofgem.gov.uk/publications/decision-impose-financial-penalties-economy-energy-e-gas-and-electricity-and-dyball-associates-following-investigation-infringement-chapter-i-competition-act-1998

I think that's just a result of all the companies being created following the exact same playbook under Dyball. I don't know how those voting groups are organised but presumably if motivated the directors of the companies could at any point move themselves in to another voting group.

Participation in those voting groups is probably not something any of those companies are particularly interested in.

AbbieCadabra

General query, does anyone know how long they take to produce a bill from a scheduled reading?

I transferred to them 28 Sept., initial read accepted & DD set up. I provided a read 28 October & my a/c now shows an estimated reading for 29 October but no bill as yet? Do they email to notify a bill is ready or do I have to keep checking the app?

Thanks