Government support to keep Bulb going could cost taxpayer up to £1.7bn

Thu, 25 Nov 2021 06:00:03 GMT 6

Government support to keep Bulb going could cost taxpayer up to £1.7bn


Officials are focused on exiting the arrangement swiftly as the energy supplier’s ‘unsustainable’ business model comes under scrutiny

The government has begun to count the cost of Bulb Energy’s collapse as many begin to wonder whether it is a fair price to pay for policymakers’ failure to spot a looming market breakdown.

The life-support scheme set up to allow Bulb to keep supplying gas and electricity to its 1.7 million customers through the winter months could cost taxpayers up to £1.7bn according to a court application to hand the company to a special administrator.

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