That no RNS was issued on Monday as the purchase of ENER-G went through, a renewable energy company in Manchester which specialises in installing stand alone units to help companies, universities or hospitals have a stand alone energy reclamation units to help produce massive savings on their energy costs. £multi-million deal and not a whimper
They say that practically every winter ...usually some story about geese arriving early or such like...I think its more to do with trying to sell winter clothing or replacement boilers or such like than it is being able to forcast the weather two to three months in advance ...
Anyone forecasting a cold winter, doesnt actually know for sure, and has an agenda ....in my book....
Gerry - looks like there may be more failures on the way.
From the Guardian :
I’m with a small supplier – is mine at risk? It could be. The challenger suppliers do well when wholesale prices fall, but struggle when the opposite happens. The last supplier to go bust was Energy4Business, which collapsed in 2008. In the past few years wholesales prices have been on the side of the small suppliers, but over the past 12 months they have gone up around 50%, albeit from a very low base, and there will be some very nervous finance directors at a number of smaller suppliers this morning.
Seasoned industry expert Doug Stewart, who runs supplier Green Energy UK, says he fears the collapse could be the first of many, if there is a harsh winter. “The closure of GB Energy is as a result of loss-making tariffs coming home to roost. You can’t make losses without having cash to cover them, and when that cash is coming from upfront payments made by customers, the whole pack of cards comes tumbling down when growth slows or stops. There’s nothing left in the bank to pay the creditors, and the customers’ money is all gone,” he says.
would have been even earlier if Ed Miliband had his way. I wonder if more are close? I'm all for competition as it should keep CNA on its toes to improve and help bills but dont want to get left in the cold either, we need secure energy.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.