Taxpayer to shoulder cost of running collapsed firm after fundraising plans scuppered by energy crisis
The Treasury has set aside up to £1.7bn to cover the cost of running Bulb Energy through a special administrator this winter after the supplier’s collapse on Monday.
Britain’s seventh-largest supplier has become the first energy company to be put forward for a “special administration” process so it can continue to provide gas and electricity to its 1.7 million customers through the winter after going bust on Monday.
