special administration
In recent weeks, the administrators of the UK’s seventh biggest energy firm have launched a bidding process
The Business Secretary told MPs the government wants to conclude a sale deal as soon as possible
It has been reported that there are still two potential bidders, Octopus Energy and Masdar
The government said the ’employee retention scheme’ was consistent with Bulb’s special administration regime
The British Gas owner has allegedly bid to take over Bulb’s customers
The salary is being paid by taxpayers as the company entered into special administration
Ofgem has warned that customers could face a potential bill of billions from the collapse of more than 30 suppliers
Energy-intensive businesses are highly exposed to Gazprom, MPs heard
Inspired PLC has said it has already started to take mitigating action in the event of Gazprom Energy’s collapse
Bulb’s special administration is predicted to cost taxpayers at least £1.3 billion more than the original £1.7 billion estimate