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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