Quote:
Originally Posted by embee
If it ends up with the rest of us taxpayers footing the bill for £1.7 Bn it will be very reminiscent of the banking crash. Plus ca change ...
|
...plus the other 22 suppliers that have gone bust. Another success story for privatisation. I guess we'll be heading back to the (mostly) foreigned owned big 6 cartel.
Not only will we have pay to support the SOLR (supplier of last resort) scheme, bail out Bulb but also the Spring price cap rise is going to be huge because the October cap rise didn't fully take in the price rises that were already in the system.
In a twisted kind of way though it is amusing to watch the Conservatives effectively nationalise Bulb. The "Free Market" party who introduced the price cap are now nationalising...
As a Bulb customer, I thought they were a great, ethical business but now it seems they were fly-by-night rogues or maybe just gamblers hoping the natural gas price wouldn't spike.
Edit - another 2 suppliers have gone bust - Entice and Orbit bringing total to 25.