Energy Crisis/Andy Pilley

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One E in Evatt

Well-known member
Anybody heard how BES are doing during the current energy issues? There's loads of energy suppliers going to the wall including my supplier, People's Energy who had 350k domestic and 1k business customers. Not sure how that compares with BES customer base but would imagine it's a tough time for BES and therefore Fleetwood.
 
According to the Gazette Pilley and his sister are in Blackpool magistrates tomorrow accused
of de-frauding creditors ?
 
fcblackpool said:
Email dropped saying our energy co. has gone and now we are with EMF- Unbelievable.
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Our energy company went under about 12 months ago and we were moved to British Gas - since then our bills have increased by a third, they say we owe £600 from the last company whilst creditors for the last company say we still owe them £300!!! No one will give us any answers!
 
The energy industry is a mess, the commercial energy market is corrupt, its a complete shambles and the sooner its nationalised the better. Working in the industry I know BES have laid off a lot of staff within the last 12 months
 
Share holders cant bail these small companies out.... because none of them are quoted on the stock exchange...so don't have shareholders

Mr Pilley is 100% business energy, so pre-buys his gas/electricity at set prices 1 - 6 months in advance.
So (technically) this wont effect him for a few months....But his 'customers' will (no doubt) see a massive 5,000% increase in their bills overnight.

Well....Fleetwood Town need a new left back....so who's going to pay for that....
 
HighfieldSeasider said:
The energy industry is a mess, the commercial energy market is corrupt, its a complete shambles and the sooner its nationalised the better. Working in the industry I know BES have laid off a lot of staff within the last 12 months
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You clearly don’t remember much about the Nationalised Energy industry then 😂

The commercial energy market is neither corrupt or a shambles. It offers consumers considerable choice and control over their expenditure.

The energy supply industry prior to privatisation was a complete joke and the cost of both gas and power was more expensive back then too..
 
BFC_BFC_BFC said:
You clearly don’t remember much about the Nationalised Energy industry then 😂

The commercial energy market is neither corrupt or a shambles. It offers consumers considerable choice and control over their expenditure.

The energy supply industry prior to privatisation was a complete joke and the cost of both gas and power was more expensive back then too..
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Trust me it is corrupt, if I posted some of the things I know that happen on a daily basis I'd probably end up in court on a libel charge, BES are known in the industry as one of the worst offenders.
 
B_Side_The_C_Side said:
Share holders cant bail these small companies out.... because none of them are quoted on the stock exchange...so don't have shareholders

Mr Pilley is 100% business energy, so pre-buys his gas/electricity at set prices 1 - 6 months in advance.
So (technically) this wont effect him for a few months....But his 'customers' will (no doubt) see a massive 5,000% increase in their bills overnight.

Well....Fleetwood Town need a new left back....so who's going to pay for that....
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The big increase on energy prices has predominantly impacted on the short term markets. So the further out you buy the less impact the current issue has.

To put this into context… if AP is securing electricity today for consumption in Winter 21, he would pay £175 per mWh (17.5 per kWh)…. For Winter 22 he would pay £95 per mWh (9.5 per kWh) and Winter 23 £75 per mWh (7.5 per kWh)…. And all of those prices will drop away once the current situation is resolved.

If AP signs up a new customer today on a three year deal, then he’d quote them based upon the current market price for the full three year term ahead, any long term hedges that are relevant to him (so any long term purchases he might have made historically) and then he’d secure the electricity he needed there and then.

The main risk faced by BES and other Commercial Suppliers is in terms of settling the difference between the amount of power they have bought in advance to meet their expected customer demands and the actual amount of power that is consumed eventually….(That could be either positive or negative)… So it’s perfectly possible if they are overbought, that they could benefit by selling. It is this balancing which is the issue though, due to the huge disparity between the buy and sell price…

In terms of any increase in price for the customers of BES, then that would depend on when their contract was due for renewal….
 
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HighfieldSeasider said:
Trust me it is corrupt, if I posted some of the things I know that happen on a daily basis I'd probably end up in court on a libel charge, BES are known in the industry as one of the worst offenders.
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I don’t need to trust anyone…. I’ve worked in the industry for over 30 years.

To describe the commercial energy market as corrupt is definitely not an accurate reflection of the market as a whole.

There are some issues that exist (particularly for smaller / micro businesses), where suppliers will seek to capitalise on naive buyers.
 
BFC_BFC_BFC said:
I don’t need to trust anyone…. I’ve worked in the industry for over 30 years.

To describe the commercial energy market as corrupt is definitely not an accurate reflection of the market as a whole.

There are some issues that exist (particularly for smaller / micro businesses), where suppliers will seek to capitalise on naive buyers.
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It's the brokers that are the issue more than the suppliers to be fair.
 
HighfieldSeasider said:
It's the brokers that are the issue more than the suppliers to be fair.
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Again, that tends to be an issue for the smaller commercial consumers. There’s a strong argument for some regulation and further protection for smaller businesses, but ‘Nationalisation’?

Those same smaller consumers were getting absolutely clobbered under the old nationalised system.
 
Sadly if someone chooses the cheaper deals offered by the small start up suppliers, they will always run this risk. If you have been lucky, count the savings in previous years and offset against the short term pain.

With regard to Mr Pilley and B.E.S, perhaps it would be appropriate to allow a jury of peers to decide and not a football website.
 
basilexile said:
Sadly if someone chooses the cheaper deals offered by the small start up suppliers, they will always run this risk. If you have been lucky, count the savings in previous years and offset against the short term pain.

With regard to Mr Pilley and B.E.S, perhaps it would be appropriate to allow a jury of peers to decide and not a football website.
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I wonder if anyone off here will make the jury.
 
Wizaard said:
How does this affect his ownership if found guilty? Probably no impact, knowing the Football League
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Think if he’s found guilty that will be the least of his problems.

Big if, of course.

In the more immediate future, having this hanging over his head isn’t going to help him or any of his businesses at a choppy time for his industry. Hope it works out for the sake of the staff and the town of Fleetwood.
 
One E in Evatt said:
Anybody heard how BES are doing during the current energy issues? There's loads of energy suppliers going to the wall including my supplier, People's Energy who had 350k domestic and 1k business customers. Not sure how that compares with BES customer base but would imagine it's a tough time for BES and therefore Fleetwood.
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Seriously, see if you can still get a fixed tariff with one of the big suppliers immediately
 
B_Side_The_C_Side said:
Share holders cant bail these small companies out.... because none of them are quoted on the stock exchange...so don't have shareholders

Mr Pilley is 100% business energy, so pre-buys his gas/electricity at set prices 1 - 6 months in advance.
So (technically) this wont effect him for a few months....But his 'customers' will (no doubt) see a massive 5,000% increase in their bills overnight.

Well....Fleetwood Town need a new left back....so who's going to pay for that....
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Not quite right, their shares are not traded on the stock exchange but most will still have share holders in one form or other.
 
Nothing against Fleetwood, but’s let’s be honest how did such a small club really compete at the top end of League 1 against clubs the size of Pompey, Sunderland ect, I think you had to ask questions about FFP and where the money was coming from, as a one off maybe but this was for a couple of seasons🤔
 
62years&counting said:
Shame, but is the end nigh?
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No idea but is AP going to be able to:

Clear his name
Keep BES going during the energy crisis
Keep FTFC going for promotion

Each one of those is difficult in it's own right; all 3 at the same time - very difficult.

My guess, and it's only a guess, is the least important is the £21m albatross.
 
TSSeasider said:
No idea but is AP going to be able to:

Clear his name
Keep BES going during the energy crisis
Keep FTFC going for promotion

Each one of those is difficult in it's own right; all 3 at the same time - very difficult.

My guess, and it's only a guess, is the least important is the £21m albatross.
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It's shameful that owners are allowed to loan football clubs without paying corporation tax on monies.
If it was out of their own pocket(money that the tax man has collected from) then no issue they can put in however many millions they want this is just a way of fiddling tax revenues.

How on earth are Fleetwood ever going to pay it back they can't so it can only go two ways AP keeps stumping up or they go out of business nothing in between.
 
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