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Bulb Energy has found a new home with Octopus Energy. We’re taking responsibility for Bulb’s customers, providing good value for taxpayers and ending an uncertain time for Bulb’s members and team. If you're still using your Bulb login, here's what you need to know:
Dec 21, 2022 · The agreement, implemented via a new process known as the Energy Transfer Scheme (ETS), will save taxpayers millions of pounds as Bulb moves back into private ownership and the government is no longer directly exposed to the volatility of the wholesale energy market.
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 · Octopus Energy has completed its acquisition of the collapsed energy supplier Bulb - even though legal challenges to the deal remain ongoing. Bulb, which has about 1.6m customers, was the...
Octopus Energy finally took on all 1.5 million Bulb customers last night (Tuesday 20 December), after the agreement to transfer the failed firm completed. The takeover deal was initially agreed in October, but was delayed after other energy firms challenged the sale process.
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...
