Bulb Energy: Insolvency
(asked on 14th April 2023) - View Source
Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, what estimate he has made of the cost to energy customers of (a) Bulb Energy Ltd being placed in special administration and (b) the takeover by Octopus Energy.
This question was answered on 19th April 2023
As per the recent NAO report, the latest estimate is that there will be an overall net cost of £240m: https://www.nao.org.uk/reports/investigation-into-bulb-energy/.
This estimate will be updated in due course once wholesale energy costs are fully reconciled.