|Urgent. Cheap fix for two winters + £30 cashback - 10,000 available. Let's be straight, prices are on the up. In the last two months alone, the cheapest deal has gone from £744/yr to £858/yr, and it's predicted to continue rising.But we've blagged a dual-fuel tariff from Flow Energy that most will see if you do a Cheap Energy Club comparison ASAP. It's £877/yr on typical use, only £19/yr more expensive than the best 1yr fix. You do, however, get to lock in for two winters, not just one; and you get £30 cashback via our Cheap Energy Club.This isn't a collective switch (where a trusted intermediary such as a council or us negotiates a special deal for users) but we think it's the next best thing, and as there are only 10,000 available, they'll likely go quick. The key facts:- It's available for new customers only.- You get £30 dual-fuel cashback from Cheap Energy Club.- As it's a fix, the rate (not cost, that depends on use) is fixed until 31 March, 2018. - It's available for dual-fuel only (ie, gas & elec together) incl Eco 7.- You must pay by monthly direct debit.- Leave early and there's a £20/fuel exit fee. - The switch of your supply will happen at some point from 1 Jan.- You can't take it with you if you move home but there are no exit fees if you do relocate.- It's also on MoneySup (we're part of the same group) but nowhere else, yet there you don't get the cashback.How it compares for someone with typical usageAvg price on Ofgem typical dual-fuel direct-debit use (varies by region)Typical cost: Current avg Big 6 standard tariff: £1,063/yrMSE Special: Flow Energy March 2018 fix: £877yr + £30 cashback, £20/fuel exit feeCheapest open-market 1yr fix: So Energy: £858/yr - no cashback, £5/fuel exit feeCheapest bigger provider with good service: First Utility 1yr fix: £929/yr - £30 cashback, £30/fuel exit feeCheapest 2yr fix: First Utility: £999/yr - £30 cashback, £50/fuel exit feeGet YOUR EXACT PRICE & saving via a full market comparisonWho is Flow? It's a small provider, but not a tiddler; it works with Shell, and its cust feedback was 77% 'great' in our last survey.|
|Flow getting a mention in Martin Lewis's weekly email|
|M&A in sector admittedly in non domestic but there could be a period of consolidation in the offing?British company Drax Group Plc (DRX.L) said it has proposed to acquire privately held Opus Energy Group Ltd for 340 million pounds ($433.43 million) in a deal that would help it expand by supplying power to small-and-medium enterprises.Drax said the deal would add about 130,000 customers to its accounts as Opus controlled about 8 percent of the non-domestic electricity supply market in the country.|
|The chart shows an aberration with the share price dipping below 10p. I believe the price will quickly return to the norm and we'll see 10p plus before 2017, now we know they have hedged oil and gas and the business is still on track.
If other small suppliers fail (very likely) Flow will benefit.|
|Decided to dip a toe in here on the back of that RNS - other unknowns out there but surely the energy supply business on its own should be worth more than the market cap.|
|Good news today and a great BUY down here in the trough.
Strong recovery prospects; just added.|
|CantorOur view: Flowgroup is right to remind the market of its strong hedging position this winter in our view. The market looks volatile and a rival has already collapsed as a result. We think the thinning out of weaker rivals should benefit Flowgroup and we reiterate our BUY recommendation and target price of 21p.|
|Must have been reading the bb... reassuring but no more detail than earlier trading statement.so financials must be in line with previous guidance.|
|Well you have got your update, shame that advfn is sleeping on the job ! This is not the first time that they have been slow to update with the early morning rns announcements. I find now that it is safer to look at the investegate site first, before looking at my advfn monitor list.|
|I'm a flow energy customer and have just had today the email cross selling me their boiler for an offer price and attractive installation price.Let's hope their not going out of business ! I agree with all the recent comments and I would think an additional update would be wise right now.|
|Lazarus...thanks for responding...|
|Would like to see the directors putting their hands in their pockets if the have robust hedging in place and have just released a trading up date to that effect let's see you put some money in as a vote of confidence...CEO sure takes enough out!!|
|Well it appears operators like GB have been highly successful in taking customers from the big boys alongside the likes of Flow ...the fact they have not hedged effectively (and perhaps others haven't and may well fail ) should mean at the cost end of competition Flow should stand out even more as they have been highly competitive on price whilst hedged and their model hasn't been based on hope that the price wouldn't go up.So yes I think there will be less completion in their area of the market.|
|kooba, 'less competition' - not really. That Daily Mirror article listed TEN of the big ones, not sure how many small ones in addition to that so a miniscule reduction in the competition!
Assuming that Flow have hedged correctly, and the MCHP finds value either by venturing into Europe, partnering up or selling the whole lot, then the I/G boiler roll out works, Flow could be onto a big winner on all three fronts...|
|Yes they certainly need to qualify their hedging ...though much of the big move in wholesale prices happened long before flows update mid November ...it appears they think that that should be sufficient for the market but since the demise of GB energy it appears the market requires further assurance!As for GB customers I think there are arrangements for the big companies to reabsorb the failed independents customers.It does mean less competition going forward ...there may well be others that have not hedged appropriately.Flow shares behaving like they are in trouble but as it goes could well be a big positive for them...some clarity needed.|
|ps, as per my previous post, I hear that Flow are setting up a nationwide installation service by joining forces with national, regional and local installation companies to promote the I/G range of boilers. I am sure they will be incentivising their 'ambassadors' to promote their boilers ahead of the competition. They're probably a bit too late to catch the main installation period when people start switching on their boilers for the winter, have problems and decide to get a new one, however by the time they are fully established they should have a soft start up to installations which will allow all their field engineers to become familiar with the boilers such that by next year everything should be up and running smoothly! If Flw can get a message out to the market that they are well hedged against wholesale gas prices and they can sort out the MCHP issue then Flow could really start to motor...and there's now 160,000 GBE customers up for grabs!!|
|diku23 Nov '16 - 16:09 - 724 of 732 0 0
Any good boilers out there?...Valliant, Potterton, Biasi, ideal?...
I just had an Intergas Eco RF36 installed one week ago.It's about the smallest on the market, has fewest moving parts, 10 year P&L guarantee for installations before Dec 31st. It's so small it fits in an upstairs cupboard. The price was also more or less the same as Vaillant and Worcester Bosch. The guys installing it said they usually do these or Baxi (which the recommended) and said they never have any problems with them, but after much research I decided I/G was the best for my needs. Early days yet but everything working fine, and the built in wireless communication to the programmer means I can move it around to any room in the house in order to set the temp. Also has 7 day programme with 2 on/ 2 off settings per day and different temperatures at 4 different times of the day.|
|Flow need to come out and make a proper statement about their hedging deal with shell it needs to be spelt out very clearly as there is a lot of uncertainty about small companies like them, consumers are getting twitchy... pronto|
|GB Energy BUST and it won't be the last energy firm to go underwww.mirror.co.uk/money/gb-energy-bust-wont-last-9351205.amp|
paul the octopus
|Don't think anything has leaked (this time!) but with some small competitors going bust it's obviously made the market nervous irrespective of the recent update...since the share price is being impacted and presume some are nervously heading for the door which may prove an error....think they should comment.May well prove a positive for the company in the medium term if some of the other challenger providers go out of business?|
|What information has leaked ?|
|I think any rns should be to reaffirm that their deal wth Shell takes a very large part of any wholesale pricing risk off their balance sheet and that the model is robust and that they are trading cash flow positive.In the wake of the share price decline following the failure of GB energy and associated press articles I think they should clarify how they stand even though the recent update indicated there was no issue.|
|usual leak of information - whats the betting we have a rns tomorrow..|
|Paragraph below taken from the last RNS:
Consumers are facing price rises this winter as the energy market is experiencing a significant rise in wholesales costs, with electricity prices having risen by around 65% since August for this winter period, accompanied by a 30% rise in winter gas prices since the middle of the year. Our hedging strategy provides protection against rising wholesale energy prices for both our customer base and our business. We have also taken steps to protect our gas costs against adverse weather conditions over this winter when demand is most volatile, either as a result of cold or warm periods.
We believe that current market conditions favour more established providers like Flow with more robust energy trading strategies, systems and processes, and we believe we can continue to grow this part of the business in 2017.|