Uncertainty over if government is in Bulb Energy for the long haul

Thu, 25 Nov 2021 19:43:32 GMT 3

With no clear plan from Ofgem, quick solutions are in short supply for energy company amid market crisis

Place your bets: how long do you think the government will be in the business of running a retail energy supply company? Put another way, is the “special administration” of Bulb Energy likely to be a quick fix or a long haul?

Kwasi Kwarteng, the business secretary, was careful not to answer that question in the Commons this week. “The house should understand that we do not want this company to be in this temporary state longer than is absolutely necessary,” he said, offering no hint of what he would consider a reasonable timetable.

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