Taxpayer may have to pay £1.7bn to power the firm’s ‘unsustainable’ business model on life-support this winter
The UK government has begun to count the cost of Bulb Energy’s collapse as many begin to wonder whether it is a fair price to pay for policymakers’ failure to spot a looming market breakdown.
The life-support scheme set up to allow Bulb to keep supplying gas and electricity to its 1.7 million customers through the winter months could cost taxpayers up to £1.7bn, or £1,000 a customer, according to a court application to hand the company to a special administrator.
