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General Renewable Topics => Off-Topic => Topic started by: andrewellis on January 27, 2019, 08:37:40 PM



Title: Our-power gone down the tube
Post by: andrewellis on January 27, 2019, 08:37:40 PM
Unfortunately Ourpower have just announced that they have had to cease trading.  I had a very nice E10 tariff which was great with the very high usage (electric car and GSHP heating).  I have been trying to find something similar and have failed so far.  Is anyone else on a decent E10 tariff that isn't breaking the bank?  Other wise the best single tariff seems to be outfox the market.  However this doesn't have the best reviews.
Cheers
Andy


Title: Re: Our-power gone down the tube
Post by: RIT on January 27, 2019, 10:55:47 PM
Your best bet is to wait and see who takes it over and what they then offer. Many of the past takeovers of failed suppliers have allowed the customers to retain their current tariffs. Our Power is going to be a complicated project for whoever takes over as the tariffs targetted housing association tenants and so any attempt to change the tariffs in the short turn will generate a lot of negative press.

The way that the takeovers happen also means that the new owner gets financial support from OFGEM if needed, which is just charged back to all energy consumers.

There is a helpful, personal E10 website here that lists possible providers

   https: //economy10.com/


Title: Re: Our-power gone down the tube
Post by: rogeriko on January 28, 2019, 12:30:03 AM
Check them out on companies house. What else would you expect, rip off Britain at its best.


Title: Re: Our-power gone down the tube
Post by: RIT on January 28, 2019, 12:53:45 AM
Check them out on companies house. What else would you expect, rip off Britain at its best.

It was a political statement, maybe not a viable business. - "Current suppliers are making so much money that it will be easy to create a not for profit company that will be able to noticeably undercut the current suppliers".

During its life, it received rather a lot of Scottish government backing with investment and support, maybe this will cause a full review of how and why it failed.


Title: Re: Our-power gone down the tube
Post by: andrewellis on February 02, 2019, 01:59:54 PM
Thanks for all your advice.  Utilita have put me on their standard tariff which will mean 600 more a year which is too much.  Time to start looking round.