Bulb Energy: Octopus Energy

(asked on 8th November 2022) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 7 November 2022 on Bulb Energy: Takeovers, at what point during the takeover of Bulb Energy by Octopus Energy the process will cease to be commercially sensitive.


Answered by
Graham Stuart Portrait
Graham Stuart
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 18th November 2022

The sales process between Bulb and Octopus Energy has not yet been completed. Due to the commercial sensitivity around the contractual documentation between Bulb and Octopus, to which the Government is not a counterparty, the Government cannot speculate on when this will cease. The Government remains committed to providing transparency to Parliament at the appropriate time.

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