Some good news in the latest predictions

spot1034

Many people who aren't with Octopus will have signed up for email alerts when prices come down. I did this, and I think I did a similar thing with EDF. If there are limited offers, say for a few thousand customers, I expect those are the people who'll get them.

Raxiel

It often felt like the predictions we were seeing were a result of extrapolating panic buying, as all the suppliers (across Europe) hedged at ever higher prices for fear of even higher prices to come, becoming a self fulfilling prophecy.

But at the same time no one could be certain it would get better and break the cycle.

JohnPo

I should have probably start a new thread on this but it is sort of relevant to this discussion, if wholesale prices actually fall over the next few months and the forecasts continue downwards, anyone have any views as to likelihood of some of those people behind all those failed suppliers from starting up again? I know Ofgem have made some (closing the stable door) changes to authorising new suppliers - but some thoughts from people on here with more appropriate insight as to what might happen going forward would be welcome.

MattMattMattUK

JohnPo said:

I should have probably start a new thread on this but it is sort of relevant to this discussion, if wholesale prices actually fall over the next few months and the forecasts continue downwards, anyone have any views as to likelihood of some of those people behind all those failed suppliers from starting up again? I know Ofgem have made some (closing the stable door) changes to authorising new suppliers - but some thoughts from people on here with more appropriate insight as to what might happen going forward would be welcome.

Pretty much zero, the would not get granted licenses, some are still being investigated a few have been barred from becoming company directors etc. and if there was a likely risk it would be easy for the government to tweak the licensing regulations further. Regardless of that even with wholesale prices dropping the market is not in a place that means a new entrant could really make it work, prices on the SVR are capped at 2% and I doubt they could make fixed tariffs work with such small customer based and no existing revenue flow. 

I am not saying it could not happen, but in my opinion it is very unlikely that it will happen.

wakeupalarm

JohnPo said:

I should have probably start a new thread on this but it is sort of relevant to this discussion, if wholesale prices actually fall over the next few months and the forecasts continue downwards, anyone have any views as to likelihood of some of those people behind all those failed suppliers from starting up again? I know Ofgem have made some (closing the stable door) changes to authorising new suppliers - but some thoughts from people on here with more appropriate insight as to what might happen going forward would be welcome.

They have probably all been given peerages, so now probably have other avenues to exploit government contracts