Energy firm gone bust? How your new firm and tariff stacks up

Verdigris

Eon will be at the cap price of about 22p.

wittynamegoeshere

20-21p depending on your location, you can check on their website if someone can find the link to it - I just tried and could only find the new customer quote, which doesn't include the variable tariff.

molerat

wittynamegoeshere said:

20-21p depending on your location, you can check on their website if someone can find the link to it - I just tried and could only find the new customer quote, which doesn't include the variable tariff.

https://www.eonnext.com/tariff-search

molerat

Cisco001 said:

Could anyone tell me where can I find the rate for Ofcom SVT cap?
I was told by new supplier they will move me to the cheapest SVT, but I can't find out the exact rate

https://www.ofgem.gov.uk/sites/default/files/2021-08/Default tariff cap level - 1 October 2021 - 31 March 2022.pdf

But it is not an exact science.  The supplier can charge up to the maximum daily charge then up to the maximum total charge so there is some leeway to maximise their revenue across the customer base.

LessImpecunious

molerat said:

wittynamegoeshere said:

20-21p depending on your location, you can check on their website if someone can find the link to it - I just tried and could only find the new customer quote, which doesn't include the variable tariff.

https://www.eonnext.com/tariff-search

The procedure mentioned in my earlier post given at https://www.moneysavingexpert.com/news/2021/09/energy-firm-gone-bust--how-your-new-firm-and-tariff-stacks-up/ for checking what you will pay should give you the correct rate/tariff based on your particular circumstances/area

DJMills2021

I was with People's Energy and moved to British Gas when they went bust. At the time of the transfer I owed PE about £200 to £300. Does anybody know what happens to that debt?
The way I see it is that since PE are no longer in a position to honor the fixed price deal I had with them, this has caused my energy cost to rise by about £600 from now until the fixed period was due to end next March. In effect PE owe me £600 so must I pay the £200 to £300 I owe them, or can I set off the debt I owe them against the loss they have caused me by their breach of contract? 

spot1034

DJMills2021 said:

I was with People's Energy and moved to British Gas when they went bust. At the time of the transfer I owed PE about £200 to £300. Does anybody know what happens to that debt?
The way I see it is that since PE are no longer in a position to honor the fixed price deal I had with them, this has caused my energy cost to rise by about £600 from now until the fixed period was due to end next March. In effect PE owe me £600 so must I pay the £200 to £300 I owe them, or can I set off the debt I owe them against the loss they have caused me by their breach of contract? 

That's a novel argument. If you try it, do let us know how you get on. 

QrizB

DJMills2021 said:

I was with People's Energy and moved to British Gas when they went bust. At the time of the transfer I owed PE about £200 to £300. Does anybody know what happens to that debt?

Was it officially "debt" or was it just a negative balance on your PE account? If it was "debt" it will be PE's administrators pursuing you for it, but if it was just a negative account balance it will (probably) have transferred to your BG account.

The way I see it is that since PE are no longer in a position to honor the fixed price deal I had with them, this has caused my energy cost to rise by about £600 from now until the fixed period was due to end next March. In effect PE owe me £600 so must I pay the £200 to £300 I owe them, or can I set off the debt I owe them against the loss they have caused me by their breach of contract? 

You are entirely free to sue PE for breach of contract. If you succeed in you will join their unsecured creditors and are unlikely to see any of the money.

DJMills2021

QrizB said:

DJMills2021 said:

I was with People's Energy and moved to British Gas when they went bust. At the time of the transfer I owed PE about £200 to £300. Does anybody know what happens to that debt?

Was it officially "debt" or was it just a negative balance on your PE account? If it was "debt" it will be PE's administrators pursuing you for it, but if it was just a negative account balance it will (probably) have transferred to your BG account.

The way I see it is that since PE are no longer in a position to honor the fixed price deal I had with them, this has caused my energy cost to rise by about £600 from now until the fixed period was due to end next March. In effect PE owe me £600 so must I pay the £200 to £300 I owe them, or can I set off the debt I owe them against the loss they have caused me by their breach of contract? 

You are entirely free to sue PE for breach of contract. If you succeed in you will join their unsecured creditors and are unlikely to see any of the money.

QrizB said:

DJMills2021 said:

I was with People's Energy and moved to British Gas when they went bust. At the time of the transfer I owed PE about £200 to £300. Does anybody know what happens to that debt?

Was it officially "debt" or was it just a negative balance on your PE account? If it was "debt" it will be PE's administrators pursuing you for it, but if it was just a negative account balance it will (probably) have transferred to your BG account.

The way I see it is that since PE are no longer in a position to honor the fixed price deal I had with them, this has caused my energy cost to rise by about £600 from now until the fixed period was due to end next March. In effect PE owe me £600 so must I pay the £200 to £300 I owe them, or can I set off the debt I owe them against the loss they have caused me by their breach of contract? 

You are entirely free to sue PE for breach of contract. If you succeed in you will join their unsecured creditors and are unlikely to see any of the money.

I owe PE £200 to £300 for unpaid energy during their supply period. That is a debt and will show on my PE account as a balance owing on the account. I don't follow what distinction you are drawing between the two?

I would not sue PE, but if the administrators wish to sue me for the money I owe PE then I was wondering if I could defend that action with a claim for set off

QrizB

DJMills2021 said:

QrizB said:

DJMills2021 said:

I was with People's Energy and moved to British Gas when they went bust. At the time of the transfer I owed PE about £200 to £300. Does anybody know what happens to that debt?

Was it officially "debt" or was it just a negative balance on your PE account? If it was "debt" it will be PE's administrators pursuing you for it, but if it was just a negative account balance it will (probably) have transferred to your BG account.

The way I see it is that since PE are no longer in a position to honor the fixed price deal I had with them, this has caused my energy cost to rise by about £600 from now until the fixed period was due to end next March. In effect PE owe me £600 so must I pay the £200 to £300 I owe them, or can I set off the debt I owe them against the loss they have caused me by their breach of contract? 

You are entirely free to sue PE for breach of contract. If you succeed in you will join their unsecured creditors and are unlikely to see any of the money.

I owe PE £200 to £300 for unpaid energy during their supply period. That is a debt and will show on my PE account as a balance owing on the account. I don't follow what distinction you are drawing between the two?

I would not sue PE, but if the administrators wish to sue me for the money I owe PE then I was wondering if I could defend that action with a claim for set off

My understanding (which I accept may be flawed) is that a negative balance will occur routinely as part of a fixed DD budget payment arrangement. This isn't a debt as you have the DD arrangements in place. Only if PE have specifically asked you to bring your account back into credit is it considerd a debt.