Luckily just moved away from them - they returned my credit last week!
Sad more going bust but itâs pretty much a foregone conclusion that a few more will follow.
And that well known Colorado Energy UK with just 15,000 customers. Excellent reviews on Trustpilot 
Pure Planet, just looked at their website, OFGEM gets a mention in their opening banner 
Government is going to end up with a monopoly at the current rate of bankrupting energy companies. We should bail them out already
Edit: To disclose, I have stakes in TotalEnergies SA, BP, Exxon, Linde
Not sure if any of those have stakes in UK energy firms
Sorry, going to have to do that âWeâre going to have to agree to disagreeâ thing again, the Government shouldnât bail out any private energy companies. Itâs a tough gig at the moment, but sadly, this is just the way it is for the foreseeable.
Oh, BP have/had a stake in Pure PlanetâŚ
If the government is forcing them to be unsustainable businesses (by not removing price caps, forcing them to go bust) then it should bail them out when the times are tough. All the government is doing by not doing that, is ensuring we have a less competitive market post-crisis.
Itâs time to start investing in local nuclear power though, to avoid this kind of rubbish. Thorium Reactors could power our entire country alongside our domestic renewables, at a cost so little we could export it to Europe and undercut their energy to make the money we spend on it back.
And by bailing out these companies, who would pay for that exactly?
The people of the country who benefit from the price cap, which is now making them go bust. If you donât like companies getting bail outs, donât endorse the government making pro-consumer moves that can impact the market to a point where we will have single digit energy supplier count by December
And again, who is going to invest and pay for all of this? Weâre trillions of pounds in debt with little prospect of repaying any of it within the next 50 years. Whereâs all of this money going to come from?
Well the obvious answer is we issue bonds (or gilts) to pay for it, interest rates are stupidly low and the reactors only cost $700m or so. A Thorium Reactor would cost about 5m a year to run (vs Uraniumâs 50m) and cannot âgo nuclearâ due to that process also stopping any further reaction.
After that, we can export the energy to Europe to pay it all back.
Oh, of course, the U.K is Europeâs best friend at the moment. Of course theyâll buy energy from us.
Iâve got a better idea, let all of the worldâs Governments just write off all of the outstanding debt and start again. Like that will ever happen.
Yes, of course they will. Russia is squeezing them to see NordStream approved, itâs costing a lot. We may not be on the best terms, but weâre on better terms than the Kremlin is
Are you so sure? I think itâs pretty much a given, that the EU bloc collectively hate the U.Kâs guts at the moment, well thatâs my perception anyway. But I digress, the energy market is clearly not in a good place at the moment. So whatâs the suggestion? get rid of the price cap? Mmmm, letâs see how that would work. If people are unhappy about the cost of energy now, imagine how much people would be paying without the price cap, which of course OFGEM have control over and are expected to raise anyway, but not before quite a lot more companies have gone bust. Not a good situation is it?
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Government cover any costs that are over the price cap, uses government money to save the people without penalising industry for existing
Use taxpayers moneyâŚ
Using taxpayer money to underwrite an unsustainable policy meant to only benefit the taxpayer⌠yes
If a government is going to cripple industry for the benefit of the taxpayer it should provide bailouts or should nationalise it
It would be interesting to see the a list of the domestic utility companies that CNG supply.
And this from Omni Energy, predicted to be the next to fall:
Omni Energy switched unprofitable customers without express consent | Energy bills | The Guardian
Well another one bites the dust. Not even a household name, especially with only 9000 customers:
Received an email this morning explaining as my last energy supplier - Pure Planet - has ceased operations, my supply will be moved to Shell Energy.
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