Energy suppliers, including British Gas, OVO, Bulb, E.ON, ScottishPower and SSE, will pay a combined penalty of £10.8 million for failing to meet smart meter installation targets in 2022

The Public Accounts Committee has expressed concerns about the potential financial burden on taxpayers and the accessibility of energy bill support for those in need

Field, led by Bulb Energy’s Co-Founder Amit Gudka, has secured a £200 million investment from DIF Capital Partners to accelerate its battery energy storage projects

Octopus Energy has completed the migration of all Bulb customers onto its systems in under six months

Experts caution Thames Water investors that if they withhold further funding and the company goes into administration, they risk losing their entire investments

Officials are reportedly considering the adoption of a similar administration regime, akin to the one implemented during the collapse of Bulb, for Thames Water

May has witnessed a slowdown in electricity switching, according to a new report

Scottish Power, British Gas, and E.ON had previously filed a lawsuit against the government, alleging mishandling of the sale process

Bulb’s acquisition deal has the potential to yield a profit of £1.2 billion to the taxpayer

The bailout cost has been revised down by the Office of Budget Responsibility which said that the government could make a profit