just a thought

[swoarg]

hi
i was wondering if it is possible for our energy suppliers to go bankrupt.
in the uk (i think) they are all privatised. does that mean that it could well be possible. scary thought i know, but will the same apply for other privatised companys.
its allright them putting the prices up, but it will have a simular affect as the housing market. if you havent got the money to pay your bill then the supplier wont get paid. if enough customers fail to pay there bill then the supplier will be left in kind of a negative equity.
the supplier has to pay for what they have supplied to there customer :confused:
eventualy they could be paying out and not getting enough back in.

i just hope our goverments have left enough in the pot, to bail them out just incase.

[neomagic]

That would only be assuming that they break even each month, they are probably so far into the green that it wouldn’t matter if people didn’t pay for a year in reality.

[diamond dogs]

hi
i was wondering if it is possible for our energy suppliers to go bankrupt.
in the uk (i think) they are all privatised. does that mean that it could well be possible. scary thought i know, but will the same apply for other privatised companys.
its allright them putting the prices up, but it will have a simular affect as the housing market. if you havent got the money to pay your bill then the supplier wont get paid. if enough customers fail to pay there bill then the supplier will be left in kind of a negative equity.
the supplier has to pay for what they have supplied to there customer :confused:
eventualy they could be paying out and not getting enough back in.

i just hope our goverments have left enough in the pot, to bail them out just incase.

This is one big part of the overall game plan.... they are acting out the price hikes as the lie we import oil and gas from Russia or wherever when we have more rigs than ever in The North Sea and a by product alone transported from Bacton to North Walsham more than pays for exploration, rigs drilling and wages it is all pure profit...I would imagine alot of Govt ministers and the like have an interest/share in the Oil and Gas markets. We also generate alot of electricity from N Sea Gas from Gas turbine power stations because they know that supplies are more than ever but fed the lie we import...All part of the game unfortunately so absolutely not a cat in hells chance of backfiring on them....

[el scampio]

In theory yes they could if they ran out of money.

I spent a few months working for EDF Energy.

My understanding is that they buy the electric from the National Grid on pretty much a daily basis and obviously make plans in advance for usage for their customers.
With Gas they have to plan further ahead and buy it days in advance due to gas only travels around 15 mph in the pipes. As you can imagine quite alot is coming down from Aberdeen area to the South in EDF case so it takes the gas a few days to travel down.

I'm not sure what would happen if the company went bust though. I doubt if they would cut off their customers instantly.

If you can afford too I would invest in either wind technology or solar technology or even better both.
These take planning permission to be allowed to put up in a premises but seen as most councils need to be more green you should get a warm reception.

In most cases these appliances will generate more electricity than you need so it feeds the National Grid and you should get credited the amount of electricity you add to the grid. So they can make you a small amount of money.

In worse case scenario and there was some sort of disaster be it economic or military and the electric was cut off you would still be producing your own.

Obviously there is no such remedy for gas so I would get rid of any gas appliances you have and convert to electric wherever possible including boilers if you can afford to convert.

[swoarg]

This is one big part of the overall game plan.... they are acting out the price hikes as the lie we import oil and gas from Russia or wherever when we have more rigs than ever in The North Sea and a by product alone transported from Bacton to North Walsham more than pays for exploration, rigs drilling and wages it is all pure profit...I would imagine alot of Govt ministers and the like have an interest/share in the Oil and Gas markets. We also generate alot of electricity from N Sea Gas from Gas turbine power stations because they know that supplies are more than ever but fed the lie we import...All part of the game unfortunately so absolutely not a cat in hells chance of backfiring on them....

i know ur right there diamond, but i am sure our energy companys still have to pay the mayor companys to supply them, so they can supply us.
if we cant pay our bills then our supplier will slowly go into the red
with the major companies, investers will pull out and they will cut off
the main supply.

[swoarg]

I'm not sure what would happen if the company went bust though. I doubt if they would cut off their customers instantly.

i dont think it would be instant, but if your supplier goes bust, then there suppliers will pull out. other suppliers wont be willing to take over a company that has no or a very low amount of paying customers.

the way things are going by winter the shit will hit the fan. looking at the price of things alot of people will not be able to pay there fuel bill, i suspect that there debt will be spread out over the following year, but that debt will only carry on building up, until summer arrives. then most of us can probably pay our winter debt off. lets hope its a warm winter and scorching summer.:D

[cruise4]

They'd just sell it to someone else abroad. Remember WE owned this stuff once. They sell our stuff to their mates, stay on the board, and keep the money. Its robbery.

[swoarg]

well spain is having a hard time,
http://markets.ft.com/tearsheets/performance.asp?s=es:IBE


and i think i will switch my supplier to Centrica.
http://markets.ft.com/tearsheets/performance.asp?s=uk%3ACNA