Kraken
Bulb’s acquisition deal has the potential to yield a profit of £1.2 billion to the taxpayer
The UK’s third-largest energy supplier aims to reach one million customers in France by 2026
Octopus tariff offers EV drivers cheaper rates to charge their cars when the grid is less busy
The energy supplier plans to use the money to further improve its energy technology platform, Kraken
The fourth-largest energy supplier posted an operating loss of £1 million
The deal is expected to push the company’s valuation close to $5 billion
It is following in the footsteps of Good Energy and E.ON who have recently adopted the use of the platform for customer accounts