Big Six collapse? Ofgem puts advisers on standby

oliverbrown

"Big Six" collapse imminent?

https://news.sky.com/story/energy-regulator-ofgem-puts-advisers-on-standby-for-emergency-rescue-role-12421885

chewyluis

UK gas futures have been rising by 9-10% a day for days. They are up another 8.43% today.

worrywart_3

I think bulb are going to go 

SonOfPearl

worrywart_3 said:

I think bulb are going to go 

Yes, the Sky article strongly hints that the "major supplier" that could go bust is Bulb. 

Thrugelmir

Which Big 6 company is at risk of collapse?   Nothing in the article to suggest this.  Do you know who the big 6 even are? 

Verdigris

I think the money's on Bulb. Not really Big-6, just a large challenger.

Crdw

The article alludes to bulb but that is all.
It doesn't help the mass panic everyone is feeling at the moment.
Easy for them to argue that they didn't mean this at all.

chewyluis

Thrugelmir said:

Which Big 6 company is at risk of collapse?   Nothing in the article to suggest this.  Do you know who the big 6 even are? 

Gas future prices have increased by more than 25% in the past week, on top of all the other surges. I doubt anyone is truly safe in the current market.

DiseasedBunny

My moneys on British Gas - would be a shock, they’ve got too big for their boots 🤣

oliverbrown

Thrugelmir said:

Do you know who the big 6 even are? 

Yep, of the traditional "Big Six", E.on bought nPower and Ovo bought SSE, making more of a "Big Five". These days it's more of a tool to trigger forum pedants, mission success.

jackpotjackpot

I'm sat here freezing can't even put the heating on due to the Avro energy bust, hands are purple really feeling it today. Just had some hot food and a cuppa that helped but not good.