Octa + can be leaving the Brussels power market

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Final July, Octa + determined to now not provide power contracts to new Brussels clients. Immediately, the power provider is sadly taking the final step by stopping, in Brussels, the power contracts of its 17,000 present clients. The reason for these successive withdrawals is at all times the identical: laws making suppliers bear the load of unpaid invoices longer than elsewhere, with the monetary dangers that this entails for the smallest amongst them.

Why we’re not stunned

As we talked about in July, there’s a downside with suppliers bearing the monetary threat of non-payment of power payments. Particularly since this cost extends to the quantities collected by way of this bill for different events, such because the community operator or the federal government. Pending the end result of a judicial course of, suppliers are additionally required in Brussels to proceed to provide dangerous payers with power. Within the meantime, the score is rising, placing the monetary well being of some suppliers underneath strain.

The explosion in power costs, sharply rising ultimate invoice quantities and mountains of unpaid money owed are, in fact, not prone to reassure a provider like Octa + who has subsequently determined to restrict drastically its publicity to threat.

The ball within the court docket of the authorities

The state of affairs in Brussels has been worrying for a number of years and this new defection is just half a shock. Just like the Brussels regulator, we have now repeatedly expressed concern concerning the rising disinterest of power suppliers for the Brussels market, mentioning from 2018 the chance of seeing two or three gamers remaining there. We are able to solely reiterate to the accountable authorities our request to urgently develop a long-lasting answer.

A steadiness should completely be discovered between the utmost safety of the Brussels client, on the one hand, and sustaining the attractiveness of the marketplace for a enough variety of suppliers, then again, so as to permit competitors to completely play its position. position.

Concretely, for Octa + clients

Allow us to first do not forget that the information solely issues Octa + ‘s Brussels clients and that there is no such thing as a energy reduce for anybody to concern. Octa + has undertaken to ship a ultimate assertion to its Brussels clients. These to whom cash is owed will obtain it instantly.
A swap to a substitute provider can be into consideration, and failing that, the choice power provider, on this case Engie, will take over.

The provide, no matter it’s, is not going to essentially be essentially the most attention-grabbing in your profile and it’s at all times in your curiosity to match it to all the costs supplied in the marketplace. However within the case of Brussels, “all costs” are sadly very massive phrases. Solely Engie, Lampiris and three different suppliers who now have a restricted provide stay accessible to new clients within the capital: Aeco (of which one should change into a cooperator), Brusol (for homeowners of photo voltaic panels) and Luminus (risk of a contract by phone or in a MediaMarkt retailer).

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An 0800 line to reply all of your questions

Lots of info on power may be discovered on our power platform and within the power part of our web site. However you can even ask your particular inquiries to our free quantity 0800 50 222 (Monday to Friday, 9 a.m. to 12:30 p.m. and 1 p.m. to five p.m. – Friday till 4 p.m.).

Name us on 0800 50 222

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