Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will provide details of the profit share agreement that will apply until Octopus Energy has repaid the public funding from Government for the cost of the energy bought for Bulb customers.

A profit-share agreement will be put in place for the ringfenced business until agreed funding is repaid by Octopus. Under this structure, payments to shareholders or the wider Octopus group from the ringfenced entity would be restricted until the repayable funding to Government is complete.

The details of the profit share agreement are commercially sensitive and will not be published.