Price Comparison Website Taking a Break

[Deleted User]

Will others follow?

bristolleedsfan

SSE, yesterday and today  We’re sorry, our energy tariffs are temporarily unavailable

EDF, yesterday seemingly not possible to get quote results direct

Eon Next direct and Sainsburys Energy, super 2 year fixed rates with no exit fees

spot1034

If they don't want to give quotes to individuals, what will their response be if asked to act as SOLR after the collapse of a failed small supplier?

mysteryUser

I noticed yesterday that compare the market was offering me just one tariff 'choice'.
Uswitch was offering me 2 options that they could switch me to, if I enabled the option of it showing me tariffs they couldn't switch me to themselves, it showed huge numbers of tariffs, some of which from non-trading suppliers too!

The energy market seems to be in a big mess right now. I guess it's understandable the suppliers are just withdrawing tariffs while they work out what they can do. It's not really going to work if we all are on tariffs that have rates lower than this winters wholesale costs. 

Inigo_Montoya

spot1034 said:

If they don't want to give quotes to individuals, what will their response be if asked to act as SOLR after the collapse of a failed small supplier?

AFAIAA Ofgem has the power to compel an energy company to take on the failed suppliers customers

However in such a scenario the tariff those customers would be offered is virtually certain to be extremely expensive due to the lack of competitive tendering

I am definitely not looking forward to finding out the tariff we will be on for our 2 UP accounts

SPOWER

This is very worrying.  I read on BBC about a fire at a pilon in France that send electricity to UK and this is put up the cost of electric.

Farway

SPOWER said:

This is very worrying.  I read on BBC about a fire at a pilon in France that send electricity to UK and this is put up the cost of electric.

Here's some background to it all

https://www.lcp.uk.com/our-viewpoint/2021/09/what-is-causing-the-record-prices-in-the-gb-power-market/

tghe-retford

The Mirror is reporting that its the mass withdrawal of fixed deals that has caused Compare the Market to cease providing quotes. I have to wonder now if Ofgem is being lobbied by energy companies to allow the premature ending of current fixed deal contracts (without penalty) or risk the collapse of a significant percentage of the energy market with the jobs lost and pressure placed on the remaining companies in relation to a growing number of SoLR's. Never mind lobbying to axe the cap! Either that or the pain is delayed until April 1st - which won't be an April Fools Joke!

It's a very worrying development, particularly for those who are now going through SoLR or those who could face the prospect shortly. Alongside all the social consequences for what is to come.

Swipe

If entered into a fixed rate contract it's legally binding. Absolutely nothing Ofgem can do to change that.

victor2

Swipe said:

If entered into a fixed rate contract it's legally binding. Absolutely nothing Ofgem can do to change that.

What use will the legal binding be if the supplier has gone bust?

Swipe

victor2 said:

Swipe said:

If entered into a fixed rate contract it's legally binding. Absolutely nothing Ofgem can do to change that.

What use will the legal binding be if the supplier has gone bust?

Should have gone with a Big 6 fixed rate then