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    Bulb Energy

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    • Saturday, 21 January, 2023
      UK government set for payback from Bulb sale to Octopus

      Fall in gas prices expected to cut cost of failed energy company’s rescue by up to £840mn

    • Thursday, 22 December, 2022
      Lex
      Octopus/Bulb: falling energy prices reduce cost of government support Premium content

      The crisis in retail energy casts the authorities in a poor light

    • Wednesday, 21 December, 2022
      UK energy
      Octopus to receive up to £4.5bn of state support to back Bulb takeover

      UK government says money is to aid wholesale purchase of electricity and gas for failed group’s 1.5mn customers

    • Monday, 12 December, 2022
      Bulb sale to Octopus risks breaching EU state aid rules, Centrica warns

      British Gas owner says contentious deal may lead to test of Northern Ireland protocol

    • Tuesday, 6 December, 2022
      Battle deepens over sale of energy supplier Bulb to Octopus

      Emails showing Centrica was told that UK state support for bid was on offer cloud dispute over fairness of process

    • Monday, 5 December, 2022
      Inside BusinessPatrick Jenkins
      Is Octopus-Bulb a replay of Lloyds-HBOS?

      Or has everyone learnt the lessons of 14 years ago?

    • Wednesday, 30 November, 2022
      High Court rules government plans to sell Bulb to Octopus can proceed

      Rescue of failed energy supplier has ballooned, with taxpayers on hook for potentially hundreds of pounds per household

    • Tuesday, 29 November, 2022
      UK energy
      Centrica says Bulb sale risks ‘future stability’ of UK energy market

      Court filing warns on Octopus’s finances and suitability to take on 1.5mn customers

    • Wednesday, 23 November, 2022
      Helen Thomas
      Why is this £6.5bn Bulb blowout still in the dark?

      The failed energy supplier’s bailout is still shrouded in secrecy and there must be a rethink about who bears risk

    • Friday, 18 November, 2022
      UK energy
      UK government under fire over ‘inexplicable’ Bulb decision

      Barring nationalised supplier from hedging energy purchases forecast to cost bill payers £200 a household

    • Thursday, 17 November, 2022
      Bulb Energy bailout to cost UK taxpayers £6.5bn

      New documents show failed energy supplier will be costliest state rescue since RBS

    • Friday, 11 November, 2022
      UK energy
      Bulb transfer to Octopus delayed after intervention by energy rivals

      Judge adjourns hearing after British Gas, Eon and ScottishPower complain about transparency

    • Thursday, 10 November, 2022
      Judge scrutinises Bulb administrator Teneo’s £25mn fee

      High court seeks review of costs for running collapsed utility, which taxpayer will ultimately foot

    • Saturday, 29 October, 2022
      Octopus Energy buys failed rival Bulb

      Deal brings end to year-long nationalisation which cost taxpayer £4bn

    • Thursday, 20 October, 2022
      UK energy
      Ovo Energy launches eleventh-hour approach for collapsed rival Bulb

      UK supplier moves after close of sales process and with Octopus the only remaining bidder

    • Sunday, 21 August, 2022
      Bulb bailout cost set to top £4bn by spring

      Nationalised group’s mounting woes risk saddling UK households with extra £150 on bills

    • Wednesday, 20 July, 2022
      UK energy
      Auction for failed UK energy supplier Bulb draws single bid

      Rival Octopus lodges sole entry to government sale of collapsed group that is leaching taxpayer cash

    • Thursday, 30 June, 2022
      UK energy
      Bulb boss to leave collapsed UK energy supplier

      Hayden Wood had stayed on with a £250,000 salary after company was propped up with taxpayer bailout

    • Sunday, 26 June, 2022
      Centrica pulls out of Bulb auction in blow to government

      Withdrawal by British Gas owner leaves just two potential bidders for failed energy group

    • Friday, 10 June, 2022
      UK energy
      Octopus submits last-minute bid for electricity supplier Bulb

      Centrica and Abu Dhabi’s Masdar also in three-way race ahead of deadline at end of month

    • Monday, 25 April, 2022
      Cat Rutter Pooley
      Energy companies are learning the lessons of the banking crisis

      Last suppliers standing will have to pay penance for the sins of those that behaved less responsibly

    • Sunday, 24 April, 2022
      Failed UK power supplier Bulb pays millions of pounds in bonuses to staff

      Payments using taxpayer funds were made to retain employees as ministers seek buyer for business

    • Wednesday, 23 March, 2022
      Spring Statement
      Taxpayers face additional £500mn bill for Bulb Energy bailout

      Office for Budget Responsibility estimates support will now total £2.2bn

    • Thursday, 17 March, 2022
      Energy sector
      Taxpayers face further Bulb losses due to government hedging block

      Exposure to rising fuel costs from Ukraine war means more funding likely to be needed to keep energy provider afloat

    • Monday, 7 March, 2022
      UK energy
      Boris Johnson looks to increase North Sea oil and gas production

      Prime minister prepares new UK energy strategy, seeking self-sufficiency following Russia’s invasion of Ukraine

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