Member Info for MKS123

Avro and Green gone. Igloo call in administrators as well... As with any failure, less competition going forward

https://www.ofgem.gov.uk/publications/ofgem-orders-five-suppliers-make-payments-government-renewables-scheme

Deadline passed so their is interest added...

Take away for me in the press today is that some super small providers who Joe Bloggs has probably not heard of will be allowed to fail but the big 6 dominating more than they do atm will be challenged from kwasi et al. This bodes well for Yu in the long term as sometimes an industry with many "pretenders" does need a reset. End game: less competition and the same market

Yu get their energy through smartest. It is part of their hedging strategy. There is no domestic customers here so price caps don't apply

Greg Jackson's (CEO of Octopus) tweets say it as it is. Hope Yu benefit from this The work they've done since 2018, which is why I invested, is why well run companies get through periods like this.

I've topped up. This is an opportunity. Norway to increase gas supply to europe from 1st October. British Gas taking over People's. Energy prices aren't going to increase unchecked.

All wholesale energy comes through smartest. Does anyone have a detailed T&C type document on this agreement? I doubt something of this nature is public but in any case, Yu has no debt, no domestic customers, and long since reviewed their credit risk and wholesale energy concerns. I'm hoping Yu is one of the winners in this period

Who were you with? And if Yu accepted, and you previous company transferred, I'd say at least one of them did some due diligence and this was a positive sign.

Unlikely given they have zero debt, have paid part of their industry commitments ahead of time, and have been focused on debt collections, energy forecasts etc after 2018 especially. All energy is bought and sold via smartest. In moments like this with the gas squeeze, connector fire, low wind period etc., there are casualties and opportunities. I'm hoping Yu, being a purely business play, benefits.

Whenever a market consolidates, like it is now, after a period of volatility you have fewer suppliers supplying the same market. Yu is in a good position to have no debt. I see People's Energy had 1k non-domestic accounts. Hope Yu pick them up

Energy is bought when contracts are signed for the contracted period. Any unused energy based on inital estimates, when the contract is entered, is sold back to the market. This isn't a problem if customers use their allocated/estimated energy or if the unused energy is sold at higher price than bought.

Besides, Yu have long reviewed their internal processes for energy usage estimates and deal with the wholesale market via smartest.

5k non-domestic up for grabs. Even if Yu don't get them automatically this still means fewer competitors going forward...

I've seen lots of news recently about rising electricity wholesale prices (including in the Guardian today). Price rises versus lockdown prices was to be expected but current wholesale prices are some of the highest on record.

With Yu getting their energy via Smartest, the only benefit I see from rising wholesale prices is if unused energy bought by Yu is sold back at a higher, rising price. Does anyone know how this works in the context of Yu/Smartest? I'd imagine if customers use their forecast energy and pay at their retail rates, then this is a mute point.

What is for sure is that a rising wholesale energy environment is better for Yu than a falling wholesale price scenario, which was the case a few years ago. Ideally you'd want low but stable wholesale prices and high retail prices charged by Yu. A rising wholesale market should cushion any client defaults if said clients didnt use all their forecast energy

Today it didn't. Yesterday it did. Such is life

Another positive RNS today with ready access to the US

PoG has reacted entirely to USD fluctuations and nothing to do with how useful gold is. We're seeing Gold go up while USD falls in forex markets. Cey remains well run, no debt and good on divis.

Lots of foreign investment in UK utilities recently. I see Macquarie built a £1bn stake in a water company today. I think the water side to Yu is not discussed enough. Does anyone know of customer count etc?

Hub Energy, a gas and electricity supplier with around 6,000 domestic customers, and 9,000 non-domestic customers, is ceasing to trade.

Here's hoping Yu pick up some pf the business accounts. Regardless less competition in the long run...

Good news and looks sizeable given the energy size but no £ figure given.

Whats the view on shorts reducing given the extra headroom?