Millions of taxpayers cash to keep Bulb going

Grumpy_chap

Despite the clear, proven success of introducing competition to the domestic consumer retail energy supply market, the Government still seem to be ploughing ahead with their similar plans towards introducing the same competition to the water supply market.  Oh what fun!

oliverbrown

emmajones1976 said:

they will go round cutting off their gas and electric?

Unrealistic to physically shut off supplies in person, easier to do with smart meters.

roddydogs

All the £50 refer a friend coming home to roost!

emmajones1976

oliverbrown said:

emmajones1976 said:

they will go round cutting off their gas and electric?

Unrealistic to physically shut off supplies in person, easier to do with smart meters.

oliverbrown said:

emmajones1976 said:

they will go round cutting off their gas and electric?

Unrealistic to physically shut off supplies in person, easier to do with smart meters.

Reminds me, I must buy some more tin foil.

ihatetrump

It's worth reading the guidance on the SoLR process:

https://www.ofgem.gov.uk/publications/supplier-last-resort-revised-guidance-2016

We can direct any gas or electricity supply licensee to take over responsibility for a failed supplier’s customers (i.e. to be a SoLR) after revocation of the failed supplier’s licence. 

and then:

1.23. The Secretary of State may, subject to HM Treasury consent, decide to provide financial support to a company in energy supply company administration. 1.24. The energy administrator must continue to supply customers until the company is either rescued, sold or its customers transferred to other suppliers.

1.26. We will only seek the Secretary of State’s consent where we consider that use of our SoLR powers would not be feasible. Where we decide not to seek an energy supply company administration order we will not necessarily use our SoLR powers. We have discretion on whether to revoke a licence, and how to select and appoint a SoLR and as a general rule consider that trade sales are more desirable than regulatory intervention.

oliverbrown

emmajones1976 said:

Reminds me, I must buy some more tin foil.

Does that protect you from the truth?

EssexHebridean

oliverbrown said:

emmajones1976 said:

Reminds me, I must buy some more tin foil.

Does that protect you from the truth?

It's quite protective against scaremongerers, apparently...

oliverbrown

EssexHebridean said:

It's quite protective against scaremongerers, apparently...

Is anyone disputing that smart meters enable energy supplies to be cut off remotely? Which is all I said.

tastyhog

Grumpy_chap said:

Despite the clear, proven success of introducing competition to the domestic consumer retail energy supply market, the Government still seem to be ploughing ahead with their similar plans towards introducing the same competition to the water supply market.  Oh what fun!

Not really comparable, water treatment and supply isn't a thing that's generated and traded worldwide and pricing isn't at the whims of if its not windy enough

emmajones1976

oliverbrown said:

EssexHebridean said:

It's quite protective against scaremongerers, apparently...

Is anyone disputing that smart meters enable energy supplies to be cut off remotely? Which is all I said.

So your theory is that they would do that to 1.7m people, most of which would have paid their bills on time, if the worst came to the worst?