bulb energy supplier

Energy supplier Bulb has been put into special administration but will continue to supply its 17 million customers as normal. But Bulb is the first energy supplier to be placed into a special administration regime SAR.


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This process basically means taxpayer cash will be used to keep Bulb going for now while an.

. The companys move comes following the collapse of more than 20. Taxpayers face a bill of potentially hundreds of millions of pounds to keep collapsed energy supplier Bulb operating through the winter after it went bust and rivals balked at taking on its 17m. Greg Hands energy minister said. Bulb said it would back regulator Ofgems efforts to appoint a special administrator a process designed to protect customers when a large energy supplier can no longer trade.

What to expect if Bulb is your energy supplier Bulb will continue to trade as usual at least for now so customers can keep using their gas and electricity as normal. The administrators will take temporary charge of operating Bulb and that includes ensuring if a new owner cannot be found that customers are safely moved to another supplier It was reported last night that Interpath had been appointed as administrator to the parent company of Bulb at the behest of the suppliers largest lender.


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