Neon Reef - any views?

Shedman

grandadgolfer said:

Well another week and NR still in business......sorry doom-mongers

No idea why but in my head I keep hearing that song from the musical Wicked...Defying Gravity 😅

BigBlueSky

Shedman said:

No idea why but I keep hearing that song from the musical Wicked...Defying Gravity 😅

Very appropriate 

ViperBugloss

"If the suppliers fail to comply with the order, Ofgem may take further enforcement action and they could end up having their licences revoked or face a financial penalty. "

If a company cannot pay the Feed-in-Tariff, I cannot see much point in a financial penalty. I have been watching "The Outlaws" on TV, so maybe they should do community payback.

Seriously, it really is time for Ofgen or the government (haha) to get a grip. The energy cap is not working but people cannot be put in a position of having to decide as to whether or not they can afford to heat their homes.

themaidenmaniac

Elexon has announced it will expel Neon Reef and Orbit Energy from the Balancing and Settlement Code (BSC).

The decision means that the companies will not be able to take on new customers as they could not register any metering systems and further Balancing Mechanism Units.

The companies are the latest in a string of suppliers to have been booted out of the BSC.

Patr100

https://www.energylivenews.com/2021/11/11/elexon-to-expel-neon-reef-and-orbit-energy-from-bsc/

Shedman

themaidenmaniac said:

Elexon has announced it will expel Neon Reef and Orbit Energy from the Balancing and Settlement Code (BSC).

The decision means that the companies will not be able to take on new customers as they could not register any metering systems and further Balancing Mechanism Units.

The companies are the latest in a string of suppliers to have been booted out of the BSC.

I reported this on this thread on Nov 9th.  They haven't been booted yet.   There is a 28 day representation period so the expulsion order can't take effect any earlier than 8 Dec.   

TonySimon

Shedman said:

themaidenmaniac said:

Elexon has announced it will expel Neon Reef and Orbit Energy from the Balancing and Settlement Code (BSC).

The decision means that the companies will not be able to take on new customers as they could not register any metering systems and further Balancing Mechanism Units.

The companies are the latest in a string of suppliers to have been booted out of the BSC.

I reported this on this thread on Nov 9th.  They haven't been booted yet.   There is a 28 day representation period so the expulsion order can't take effect any earlier than 8 Dec.   

Hi.  Is it likely Neon Reef will go out of business following this?  I have been waiting on refunds on 2 accounts since July and they have stopped responding to me.

Shedman

TonySimon said:

Shedman said:

themaidenmaniac said:

Elexon has announced it will expel Neon Reef and Orbit Energy from the Balancing and Settlement Code (BSC).

The decision means that the companies will not be able to take on new customers as they could not register any metering systems and further Balancing Mechanism Units.

The companies are the latest in a string of suppliers to have been booted out of the BSC.

I reported this on this thread on Nov 9th.  They haven't been booted yet.   There is a 28 day representation period so the expulsion order can't take effect any earlier than 8 Dec.   

Hi.  Is it likely Neon Reef will go out of business following this?  I have been waiting on refunds on 2 accounts since July and they have stopped responding to me.

Well I wouldn't want to put money on them surviving after all this.....

(although thinking about I suppose I have as if they go bust its going to cost me a lot in higher tariffs)

[Deleted User]

Is detention still a thing? ‘Punishment’ is frowned upon these days. The furthest it gets is a spell on the ‘naughty step’ or ‘thinking chair’ in recent experience. 😉 

DiseasedBunny

wittynamegoeshere said:

My interpretation is that the list above is the bad boys who are in detention this week.

Neon Reef is currently in the headmaster's office with their mum and dad, making the arrangements for their expulsion.

And yet they are still going, despite your fantasy every day that they go bust…