bailout
The total cost of Bulb’s bailout is set to hit £4bn
Uniper has said fewer Russian gas deliveries had an “adverse impact” on its first half-year financial results
An association of EDF employee shareholders has said the government’s decision defies the interests of its minority shareholders
Bulb customers will pay an additional £13.33 a week for their energy use on average, the company said
Nigel Pocklington talked about the need for action to take the pressure of soaring bills off customers
Reports claim that the company could go under even this week
The government is reportedly considering a credit facility to support firms amid fears of soaring bills
The government is reportedly exploring rescue plans that would not involve Treasury bailout for struggling energy suppliers
Plans that could have helped the government avoid activating the special administration regime were reportedly submitted to Ofgem
Ovo Energy will reportedly make a bid to take over the energy supplier which is currently exploring various opportunities to stay afloat amid the crisis in the energy market