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Octopus Energy has purchased Bulb's energy supply business and will migrate its customers to its platform. Find out what this means for you, how to contact Octopus and get updates on the process.
- Octopus Energy completes acquisition
The agreement, implemented via a new process known as the...
- Octopus Energy completes acquisition
Dec 21, 2022 · Octopus Energy completes the transfer of Bulb customers to its systems, ending the special administration of the failed supplier. The deal saves taxpayers millions of pounds and protects customers from energy price volatility.
Bulb - The energy company
Bulb Energy Ltd., trading as Bulb, was an energy supply company in the United Kingdom acquired by Octopus Energy in 2022. Founded in 2013, the company attracted venture capital from DST Global and Magnetar Capital and ran at a financial loss while achieving rapid growth in customers.
Dec 21, 2022 · Bulb, the largest of the 30 energy firms that collapsed in 2021, has been acquired by Octopus Energy after a bailout by taxpayers. Rival suppliers have launched a judicial review against the deal, claiming it was unfair and opaque.
Octopus Energy completed its takeover of Bulb, the failed energy supplier, in December 2022 after a legal challenge. Bulb customers will remain on the same systems and prices for now, and will be moved to Octopus's systems in the coming months.
Jan 11, 2022 · Bulb Energy, the failed UK supplier propped up by the biggest state bailout since Royal Bank of Scotland more than a decade ago, collapsed because it had a risky hedging strategy to manage...
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