I too am with Look After My Bills and they placed me with People's Energy. Very cheap but they went out of business two days ago. I have been placed automatically with British Gas. I will wait till I see the deal they are offering me and if I don't like it I will ask LAMB for a change.I’m with Look After My Bills and they can’t find a better deal than I am currently on so not so sure as to the likelihood of decent deals being around
Octopus is probably going to survive ok. They have operations and alliances in plenty of other countries.Are companies like Octopus or Ovo firms that are likely to be going under?
The mergers happen because each company thinks that once they have set up a customer service department, it's good whether the company has a thousand customers or a million customers, and if they have a million customers then they can negotiate better forward prices for gas and electricity. So it's just a numbers game, get as many customers as quickly as possible. Realistically the only way to get more many customers for an essential commodity is to undercut the opposition.Having a big company behind them doesn't necessarily give them resilience, that's why there are constant mergers, acquisitions etc within the energy industry.
Try Bulb they are a lot cheaper than Octopus at the moment, don't know how long they can hold these prices though, they told my mother they will not go up again in the next six months. But who knows they way things are going.Although my current contract doesnt end until November I just got a quote online from Octopus - the quote is £85 a month more than what I am paying now.