OFGEM Announcement

I should have known better

Considering myself a canny consumer I always shop around for the best deals for my electricity supply (no gas here, see It’s a gas, gas, gas). So i was relatively pleased with myself when I found a good deal with a company called GB Energy Supply. The name very nearly put me off but it was a good deal so I went ahead with the switch, but I should have known better.

Like the non existent country that this company is named after this company went bust. But they didn’t bother to tell anyone about their financial troubles. The first I heard of it was on a news site. So I went to the website but it was down, then I went to OFGEM. To be fair they provided plenty of reassurance and information about what was happening. But I had some concerns about whether I would ever see the credit that I had with GB energy again.

That was two days ago and yesterday came the news that a Supplier of Last Resort had been found. That supplier is Co-operative energy.

OFGEM Announcement

OFGEM Announcement

I also receive an email from my new energy supplier telling me that they will honour the terms of my contract with GB Energy Supply, so I keep the same tariff and that they would give me the credit that I had built up. So far so good.

But then I did some digging, being an ethically minded person after all. I thought that I should do some due diligence and see who this new supplier was. It turns out that they are part of the Mid-counties co-operative. Which in turn are part of the Co-operative group.

Digging around some more and I find that the Co-operative group had donated a big wad of cash to the Co-operative party in Q3 2016. £312800 to be precise.

Co-operative Group Donations

Co-operative Group Donations

Then I looked for the Co-operative party and I found their website here.

About the Co-operative Party

About the Co-operative Party

Further down the page I find this:

Co-operative Party Politicians

Co-operative Party Politicians

So if I stay with this energy supplier I will be directly funding Unionist politicians, warmongers,  WMD fans and ermine socialists. Why would I want to do that?

So that’s it I’m off to another energy supplier as soon as I can. If you’re one of the 160000 former GB Energy Supply customers you may wish to reconsider this offer too.

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