The energy supplier is reportedly keen on paying up to £200 million to take on Bulb’s 1.6 million customers

Centrica and UAE’s Masdar have also reportedly shown interest in Bulb’s 1.6 million customers

Bulb customers will pay an additional £13.33 a week for their energy use on average, the company said

The company’s administrators will reportedly appoint an asset management firm to handle the sale

Bulb’s special administrators reportedly revealed that by the end of last October the company had a total of £640 million of liabilities

London consulting firm Teneo is reportedly kept on standby to act as a “special administrator” amid fears that one large energy supplier could collapse soon