British Utilities

Octopus attempts to take over Bulb

Octopus attempts to take over Bulb Octopus Energy has reportedly introduced a last-minute bid to take over Bulb, which listed special administration in November. The company, which was the largest of more than two dozen energy suppliers that went bankrupt in the past year, was put into this regime after the government stepped in appointing…

Rebrand for Gazprom’s UK business?

Rebrand for Gazprom’s UK business? Gazprom‘s UK unit is reportedly deciding on rebranding. The Financial Times has reported that Gazprom Energy is looking into the option of approving its UK parent company’s name, GM&T. Gazprom Energy, which provides nearly 20% of gas used by British firms, is allegedly in a bid to improve its chances…

Is Bulb’s selling process going to start?

Is Bulb’s selling process going to start: Bulb’s special administrators are expected to pick a financial advice and asset management firm to oversee the energy supplier’s selling process soon. Bulb, Britain’s seventh-largest provider with over 1.5 million consumers, was the first to be placed in a special management regime a few months ago. This was…

Energy supplier’s price tag; ‘every home will pay £120’!

Energy supplier’s price tag; ‘every home will pay £120’!: According to new research, every household in the UK will see an additional £120 added to their annual energy bills. According to the wealth management firm Investec, the cost of all energy firm failures would have to be borne by millions of households. Bulb, the largest…

Energy suppliers presented different survival plans for Bulb

Energy suppliers presented different survival plans for Bulb: 2 energy suppliers have apparently suggested to Ofgem alternative plans to the present special administration regime (SAR) which Bulb was subject to. The UK utility, which is the 7th largest energy supplier in the UK reported its folding last week. The government will give as much as…

During the energy crisis, searches for ‘can’t pay bills’ increase by 1,300%

During the energy crisis searches for ‘can’t pay bills’ increase by 1300%: Google searches for ‘can’t pay bills’ have increased in response to the ongoing energy crisis, with an even larger spike following the bankruptcy of energy supplier Bulb. According to a study conducted by Eachnight, the number of searches increased by more than 1,300…

Government to cover costs of Bulb special administration

Government to cover costs of Bulb special administration: Only 3 days following the announcement from Bulb that it could be situated into a special administration regime, reports imply that the current failure could leave taxpayers with a £1.7 billion debt. On Wednesday at a court hearing, it was shown that the government has reserved £1.7…

Bulb formally engages in special administration

Bulb formally engages in special administration: The government has reported energy supplier Bulb has formally entered into special administration with the firm carrying on delivering energy to its customers. A Special Administration Regime (SAR) is a procedure to protect customers when a major provider falls. SARs are applied in cases where important services may otherwise…

Cornwall Insight remarks on energy supplier Bulb

22nd November 2021

Heather Trudeau

bulb, Cornwall Insight, energy sector, energy suppliers, Finance & Markets, SoLR, supplier of last resort

Cornwall Insight remarks on energy supplier Bulb: Commenting on today’s news that the energy supplier Bulb is falling into administration, Robert Buckley, Head of Relationship Development at Cornwall Insight, said: “The failure of Bulb today marks dark times for the energy sector, with this being the biggest failure of a supplier since TXU Energy nearly 20 years ago. Bulb was…

Contemplation over Bulb’s acquisition by Ovo Energy

Contemplation over Bulb’s acquisition by Ovo Energy: Ovo Energy will presumably make a proposal this week to purchase Bulb. Sky News reported that Ovo, along with the help of its largest shareholder Mitsubishi, will offer a price to acquire the competing energy supplier that, recently, has been examining opportunities to finance its business plans throughout…

bulb

Octopus attempts to take over Bulb

Rebrand for Gazprom’s UK business?

Is Bulb’s selling process going to start?

Energy supplier’s price tag; ‘every home will pay £120’!

Energy suppliers presented different survival plans for Bulb

During the energy crisis, searches for ‘can’t pay bills’ increase by 1,300%

Government to cover costs of Bulb special administration

Bulb formally engages in special administration

Cornwall Insight remarks on energy supplier Bulb

Contemplation over Bulb’s acquisition by Ovo Energy

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