Energy suppliers fined £10.8m for missing smart meter targets

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

Billpayers could foot the bill for energy supplier failures, warn MPs

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

Bulb Co-Founder’s battery venture secures £200m

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 takeover: 1.5m Bulb customers switched

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

‘Thames Water investors could lose everything’

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

Government prepares for Thames Water collapse concerns

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

Electricity switching stalls, historic levels out of reach

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

Energy giants fail in bid to block sale of collapsed Bulb

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

One million customers of failed supplier moved to Octopus in just three months

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

Bulb bailout could be ‘cost neutral’

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