Green Network Energy is ceasing to trade

Matt17

Will I stay on the same tariff? 

You’ll move to an EDF tariff, which is different from the one you had with Green Network Energy. We guarantee that all customers will see a price decrease versus your current tariff until 30 September 2021

We'll calculate your bill value from the date we were appointed up to 30 September 2021, and if there is no decrease we'll apply a credit to your account accordingly.

Grumpy_chap

bristolleedsfan said:

Grumpy_chap said:

BigBlueSky said:

Welcoming Green Network Energy Customers
https://www.edfenergy.com/content/welcoming-green-network-energy-customers

The following is interesting:

We guarantee all customers will see a price decrease versus their current tariff until at least 30 September 2021

This does make some sense, as was posted above, EDF will incur a substantial on-boarding cost for these customers:

BigBlueSky said:

Ofgem appoints EDF to take on customers of Green Network Energy

See - https://www.ofgem.gov.uk/publications-and-updates/ofgem-appoints-edf-take-customers-green-network-energy-and-british-gas-evolve-take-customers-simplicity-energy

EDF will absorb the costs of honouring customers' credit balances and the migration of customers. They will pay the outstanding £140 Warm Home Discount rebates to Green Network Energy's 12,000 eligible customers and will make an additional contribution towards the costs of wider environmental and social obligations. 

I wonder whether the "guaranteed" price decrease will be assessed against current tariff, or simply the SVR, or a blend of the two? 

It will mean what you quoted  "We guarantee all customers will see a price decrease versus their current tariff until at least 30 September 2021"  Key words being " their current tariff "

That could still be open to some interpretation.

Say, an individual is on a fixed (and competitive) tariff that runs to 31st March 2021.  If the individual "does nothing" then that fixed tariff will revert to standard variable tariff.  It could be argued that "their current tariff" includes the shockingly high rates once the fixed period ends.

Many consumers would read that "their current tariff" only lasts until the fix ends as, at that point, they'll shop around.

What is the date of defining the "current tariff"?

bristolleedsfan

@ Grumpy_Chap - Matt17 post above yours fully clarifies everything

rooster47

BigBlueSky said:

Welcoming Green Network Energy Customers

We guarantee all customers will see a price decrease versus their current tariff until at least 30 September 2021

I'm gobsmacked! Can this really be true, saving money switching from GNE to EDF. There must be catch

Grumpy_chap

bristolleedsfan said:

@ Grumpy_Chap - Matt17 post above yours fully clarifies everything

Does it?
Will EDF apply the SVR from the end date of "their current tariff"?
Or keep the current tariff until end September, even if it was due to expire before?

bristolleedsfan

Grumpy_chap said:

bristolleedsfan said:

@ Grumpy_Chap - Matt17 post above yours fully clarifies everything

Does it?
Will EDF apply the SVR from the end date of "their current tariff"?
Or keep the current tariff until end September, even if it was due to expire before?

"You’ll move to an EDF tariff, which is different from the one you had with Green Network Energy. We guarantee that all customers will see a price decrease versus your current tariff until 30 September 2021"

It will be a new EDF Tariff when the former GNE account has been migrated to EDF which should be in a few weeks time

Gary1963

As I had already started a switch on the 29th before I realised that they had gone out of business will it be stopped?

Hoof_Hearted

I'm staggered. A price decrease from my current tariff which is below anything else on the market: 12.978 ppkWh and 18.638ppd.

Shedman

https://www.ofgem.gov.uk/publications-and-updates/green-network-energy-customers-your-questions-new-supplier-edf

Glebe

I started a switch from GNE on 26 Jan, three days before announcement was made. Will my switch still, go ahead?