Neon Reef - any views?

WillPS

GingerTim said:

CRISPIANNE3 said:

After thinking it over and  if it turns out to be Neon Reef then I will just wait for Ofgem to appoint another supplier. Also in the meantime I am still getting my electricity for 17.30p per kw.  I think by trying to cancel the contract under. the 14 day cooling off period it may just cause me more problems.  TBH I should have known better but never mind.

If their licence is revoked tomorrow then won't today be your last day of electricity at that price?

I was thinking the same. I've cancelled my switch with Neon Reef and asked Bulb to reject a switch request if one comes in.

Realised there was the (massive...) £30 dual fuel discount which I'd lose out on by leaving Bulb for more-or-less the same with SoLR.

Inigo_Montoya

GingerTim said:

CRISPIANNE3 said:

After thinking it over and  if it turns out to be Neon Reef then I will just wait for Ofgem to appoint another supplier. Also in the meantime I am still getting my electricity for 17.30p per kw.  I think by trying to cancel the contract under. the 14 day cooling off period it may just cause me more problems.  TBH I should have known better but never mind.

If their licence is revoked tomorrow then won't today be your last day of electricity at that price?

the tariff continues until (at least) the new SoLR is appointed & a switch date is made official which will take a few days 

HOWEVER on the Utility Point thread someone said they phoned EDF, the SoLR for UP, & was told the Utility Point tariff was being honoured until the account is actually moved over to EDFs system which is could take a few months based on how slow EDF were to transfer former GNE customers - whether what he was told is correct is debatable

GingerTim

Inigo_Montoya said:

GingerTim said:

CRISPIANNE3 said:

After thinking it over and  if it turns out to be Neon Reef then I will just wait for Ofgem to appoint another supplier. Also in the meantime I am still getting my electricity for 17.30p per kw.  I think by trying to cancel the contract under. the 14 day cooling off period it may just cause me more problems.  TBH I should have known better but never mind.

If their licence is revoked tomorrow then won't today be your last day of electricity at that price?

the tariff continues until (at least) the new SoLR is appointed & a switch date is made official which will take a few days 

HOWEVER on the Utility Point thread someone said they phoned EDF, the SoLR for UP, & was told the Utility Point tariff was being honoured until the account is actually moved over to EDFs system which is could take a few months based on how slow EDF were to transfer former GNE customers - whether what he was told is correct is debatable

Who knows! I can't imagine any SOLR will want to supply electricity at that loss for any longer than is necessary, however.

Inigo_Montoya

GingerTim said:

Inigo_Montoya said:

GingerTim said:

CRISPIANNE3 said:

After thinking it over and  if it turns out to be Neon Reef then I will just wait for Ofgem to appoint another supplier. Also in the meantime I am still getting my electricity for 17.30p per kw.  I think by trying to cancel the contract under. the 14 day cooling off period it may just cause me more problems.  TBH I should have known better but never mind.

If their licence is revoked tomorrow then won't today be your last day of electricity at that price?

the tariff continues until (at least) the new SoLR is appointed & a switch date is made official which will take a few days 

HOWEVER on the Utility Point thread someone said they phoned EDF, the SoLR for UP, & was told the Utility Point tariff was being honoured until the account is actually moved over to EDFs system which is could take a few months based on how slow EDF were to transfer former GNE customers - whether what he was told is correct is debatable

Who knows! I can't imagine any SOLR will want to supply electricity at that loss for any longer than is necessary, however.

Just guessing here but is it possible that the cost of supplying energy at the cheaper tariff may actually be borne by the fund set up by Ofgem to pay for supplier failures ? 

If so then there is less incentive for the SoLR to change the tariff before the accounts are moved over 

GingerTim

Inigo_Montoya said:

Its m said:

Inigo_Montoya said:

GingerTim said:

CRISPIANNE3 said:

After thinking it over and  if it turns out to be Neon Reef then I will just wait for Ofgem to appoint another supplier. Also in the meantime I am still getting my electricity for 17.30p per kw.  I think by trying to cancel the contract under. the 14 day cooling off period it may just cause me more problems.  TBH I should have known better but never mind.

If their licence is revoked tomorrow then won't today be your last day of electricity at that price?

the tariff continues until (at least) the new SoLR is appointed & a switch date is made official which will take a few days 

HOWEVER on the Utility Point thread someone said they phoned EDF, the SoLR for UP, & was told the Utility Point tariff was being honoured until the account is actually moved over to EDFs system which is could take a few months based on how slow EDF were to transfer former GNE customers - whether what he was told is correct is debatable

Who knows! I can't imagine any SOLR will want to supply electricity at that loss for any longer than is necessary, however.

Just guessing here but is it possible that the cost of supplying energy at the cheaper tariff may actually be borne by the fund set up by Ofgem to pay for supplier failures ? 

If so then there is less incentive for the SoLR to change the tariff before the accounts are moved over 

It's possible - but it doesn't seem fair for everyone else to pick up the bill to maintain NR customers' cheap rate. I suppose it will all come out in the wash very soon!

[Deleted User]

I’m now taking hourly meter readings…

BigBlueSky

My go live date with Neon Reef is tomorrow.  It is looking like this may be the shortest time I've ever been with one company...

Petriix

I went live with them today. Even if they go bust tomorrow, it's still better than paying Eon for that one day. Who knows, the SOLR might honour the price this time.

DiseasedBunny

Petriix said:

I went live with them today. Even if they go bust tomorrow, it's still better than paying Eon for that one day. Who knows, the SOLR might honour the price this time.

Unlikely though it is, the reports could be wrong and NR is in good nick…

tg99

I’m live with them Friday with first DD due that day. If they go bust before then presuming best to cancel DD?