Does OFGEM need to go ?

Aylesbury_Duck

The_Green_Hornet said:

Aylesbury_Duck said:

The_Green_Hornet said:

DavidD1955 said:

I hope Martin Lewis investigates this before his show and tells us 'How and Why'

I hope he shows some remorse for the bad advice he has given people. But I doubt it.

What was bad about it?  It's easy to be an expert in hindsight, but with the information to hand at various times, the advice always seemed fair to me.  The gist of it seemed to be that staying on the SVR was probably the best option but if you want/need security of payments, take a fix.

What was wrong about that?  It still applies today. 

Did you make the "wrong" decision and are now looking for someone else to blame?

No I fixed thank you. I just feel sorry for the poor shmucks who stayed on the SVT because they see him as some sort of expert.

Hmm.  How many of those "poor shmucks" (nice way of describing people, by the way) stayed on the SVT because they couldn't have afforded the fixes on offer?  I'm sure a good number took the decision on that basis.  What else were they supposed to do, live beyond their means for the immediate future as insurance for an otherwise bleaker future landscape?  Perhaps it was best to stay on a tariff they could afford, and deal with any likely rises if/when they occurred, and knowing what support might be available?

The_Green_Hornet

Aylesbury_Duck said:

The_Green_Hornet said:

[Deleted User] said:

ML isn't some sort of dictator, who mind-controls you into taking a fix or not.

He made some predictions.  Other people made some other predictions.  You choose what you believe and act accordingly.

I dallied, and missed out on the fix I wanted, but that wasn't because ML told me to.

No he isn't a dictator but he is wheeled out by a compliant media every chance they get as being some sort of expert and unfortunately too many people do take his advice..

And there's the pivotal word. Advice.  Not instruction.  Advice.  

And the word advice was what was used in my original post so I fail to see the point you are making.

Plus you are the one who has bought the terms mind-control and instruction into the conversation.

Aylesbury_Duck

The_Green_Hornet said:

Aylesbury_Duck said:

The_Green_Hornet said:

Deleted_User said:

ML isn't some sort of dictator, who mind-controls you into taking a fix or not.

He made some predictions.  Other people made some other predictions.  You choose what you believe and act accordingly.

I dallied, and missed out on the fix I wanted, but that wasn't because ML told me to.

No he isn't a dictator but he is wheeled out by a compliant media every chance they get as being some sort of expert and unfortunately too many people do take his advice..

And there's the pivotal word. Advice.  Not instruction.  Advice.  

And the word advice was what was used in my original post so I fail to see the point you are making.

Plus you are the one who has bought the terms mind-control and instruction into the conversation.

I don't think so, you're confusing me with another poster, but failing to see the point is clearly an ongoing difficulty, so I shall leave you to it.

The_Green_Hornet

It looks like I have stirred up some deep emotions by mildly criticising Martin Lewis.. I do apologise if I have unintentionally offended anyone. It certainly wasn't my intention. I will leave you to get back to the original poster's question about Ofgem.

PennineAcute

The_Green_Hornet said:

It looks like I have stirred up some deep emotions by mildly criticising Martin Lewis.. I do apologise if I have unintentionally offended anyone. It certainly wasn't my intention. I will leave you to get back to the original poster's question about Ofgem.

Do you mean Martin Lewis, the money saving expert?

Astria

PennineAcute said:

The_Green_Hornet said:

It looks like I have stirred up some deep emotions by mildly criticising Martin Lewis.. I do apologise if I have unintentionally offended anyone. It certainly wasn't my intention. I will leave you to get back to the original poster's question about Ofgem.

Do you mean Martin Lewis, the money saving expert?

Well, do you know another Martin Lewis?

sevenhills

pochase said:

So it was up to you to beat the energy suppliers at their game by taking the offer, you did have a way out for 2 weeks, they don't.

I fixed in March until May 2023, I don't think the energy companies lose, not sure if I will gain.
It was with Scottish power. I am paying more now, but perhaps less later.
I haven't done the numbers, because it's so difficult working it out with the daily charge and per unit.
It's the same with my ten year mortgage fix, I paid more for the first 4/5 years, but I will pay less going forward.

Not sure if OFGEM could do any better, if they hold the price lower, more companies will go bust. Last year companies going bust was a regular thing.
The government are funding, is it Bulb that went bust, it's costing millions.

PennineAcute

Astria said:

PennineAcute said:

The_Green_Hornet said:

It looks like I have stirred up some deep emotions by mildly criticising Martin Lewis.. I do apologise if I have unintentionally offended anyone. It certainly wasn't my intention. I will leave you to get back to the original poster's question about Ofgem.

Do you mean Martin Lewis, the money saving expert?

Well, do you know another Martin Lewis?

I do, that is why I was clarifying.

DavidD1955

artyboy said:

DavidD1955 said:

He told us to remain with supplier and not fix, so where is the bad advice

No, he gave an indicative percentage difference where, based on forecasts, it suggested it either was or wasn't worth fixing... and every time I ever watched him, there were loads of caveats about 'best guess only'

The problem here is people thinking he's some sort of messianic font of all knowledge. Use the information he provides sure, but only to make your own decision. And damn well own that decision rather than playing the blame card that is so popular these days.

Well I took his advice and stayed variable since my fix ended before March, maybe you should listen to good advice next time.

DavidD1955

DavidD1955 said:

artyboy said:

DavidD1955 said:

He told us to remain with supplier and not fix, so where is the bad advice

No, he gave an indicative percentage difference where, based on forecasts, it suggested it either was or wasn't worth fixing... and every time I ever watched him, there were loads of caveats about 'best guess only'

The problem here is people thinking he's some sort of messianic font of all knowledge. Use the information he provides sure, but only to make your own decision. And damn well own that decision rather than playing the blame card that is so popular these days.

Well I took his advice and stayed variable since my fix ended before March, maybe you should listen to good advice next time.

So do I but I think since we are on a money saving experts advice forum, I think that gives the game away