special administration
The government has introduced updated legislation addressing water company insolvency, aiming to enhance options for special administrators to restructure financially troubled companies
Approximately 2.2 million Bulb accounts have already transitioned to Octopus
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
Australian firm Recharge Industries has been selected as the preferred bidder for the collapsed British EV battery startup
Octopus decided to keep bills down for its customers, a move that averted the possibility of making a slim annual profit
British Gas, E.ON and ScottishPower had raised concerns over the bidding process
The Treasury will reportedly make a net gain of £300m from Octopus in January based on prices this week
Households are being informed about the changes on energy bills as the takeover finalised a few days ago
A London court has set a date for the transfer of some of Bulb’s assets to a new separate entity