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The Latest Breaking News from Bulb

Treasury threatens Defra with £4bn bill if Thames Water nationalised

Exclusive: Treasury threat an example of ‘scare tactics’ to help force through private sector deal, sources suggest

The Guardian - UK

Bulb co-founder says latest energy venture takes ‘very different’ approach

Amit Gudka said he has ‘a lot of regret’ about the supplier’s 2021 collapse, as he discussed his battery storage start-up Field.

Evening Standard

‘I totally understand why people are sceptical’: the co-founder of collapsed energy giant Bulb on his new venture

Amit Gudka is reinventing himself after the failure of his energy firm by plugging into the global battery boom

The Guardian - UK

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OPINION - Will the government be forced to hold its nose and nationalise Thames Water?

In his bestselling book Outliers: The Story of Success, Malcolm Gladwell repeatedly referenced the '10,000-Hour Rule', based on research by Swedish psychologist Anders Ericsson. Despite its subsequent controversy, the rule's premise is in someways fairly pedestrian: achieving greatness in any skill requires time and effort.

Evening Standard

Ofgem Proposes Energy Price Cap Adjustment to Tackle £3 Billion Debt Crisis

The proposed measure involves a one-time adjustment of £16, spread across the period from April 2024 to March 2025.

International Business Times UK

UK bill payers may have to cover £6bn cost of failed energy firms, warn MPs

Public accounts committee issues ‘sobering reminder’ there are no guarantees money spent will be recovered after collapse of Bulb

The Guardian - UK

British Gas sends £382 demand for a bill I don’t owe

I’ve received a legal letter demanding a £382 ‘debt’ though I had switched to Bulb

The Guardian - UK

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Debt-ridden Thames Water raises £750m but warns billions more needed

Last month government began drawing up contingency plans to take supplier into public ownership in case it collapsed

The Independent UK

Octopus Energy issues major update for 1.5million ex-Bulb customers

The UK's second largest energy supplier has today announced that it has completed the transfer of all 1.5million Bulb customers over to Octopus Energy

Daily Mirror

What are the options for Thames Water as crisis talks continue?

From special administration to waiting for shareholders to bail it out, the future of the utility hangs in the balance

The Guardian - UK

Thames Water: Everything you need to know - including if your water supply is safe

There are suggestions that Thames Water could be placed into a special administration regime (SAR) - the same process used when energy supplier Bulb collapsed

Daily Mirror

Thames Water 'emergency plans being drawn up' for its collapse - what it means for you

Ministers are reported to be in talks about bringing Thames Water back into temporary public ownership under a special administration regime (SAR) - the same process previously used on energy supplier Bulb

Daily Mirror

Emergency plans ‘drawn up for Thames Water collapse’ as water firm racks up £14bn debt

Contingency plans reportedly being considered in event Thames Water is unable to service debts

The Independent UK

Contingency plans being drawn up for Thames Water collapse

UK government and Ofwat holding discussions amid fears firm cannot survive because of huge debt pile

The Guardian - UK

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news in one place.

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Chronicle Live

Energy bills could rise for almost a million families after major meter change

Hundreds of thousands of homes still have legacy electricity meters fitted - and they will be turned off next Spring

The Guardian - UK

We’re a climate action hub in need of an electricity meter

Bulb hasn’t sent a form to the National Grid, and we can’t sign up with any other energy company

Nottingham Post

Octopus Energy issues new account update to 75,000 customers

The move is expected to be completed by the end of this month

Daily Mirror

Octopus Energy issues major new account update to 75,000 Bulb customers

Octopus Energy announced it was going to take over the collapsed energy firm Bulb at the end of last year which saw it take on an extra 1.5million energy customers

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The Independent UK

Judges to rule on High Court challenge over sale of energy company Bulb

Scottish Power, British Gas and Eon have claimed that the sale of the collapsed company to Octopus was unfair.

The Guardian - UK

Ovo reportedly planning bid for Shell’s 1.4m household energy customers

Shell takeover would make Ovo second-largest energy supplier in UK market again

The Guardian - UK

Bulb bailout may cost UK government billions less than feared, says watchdog

National Audit Office estimates bill of £246m for saving energy supplier as result of sharp fall in gas prices

The Independent UK

Unfair Bulb sale process prevented British Gas making ‘better’ bid, court told

Power companies Scottish Power, British Gas and Eon are taking legal action over the sale of failed supplier Bulb to Octopus.

The Guardian - UK

Court to examine Bulb-Octopus deal as rivals claim preferential terms

Owner of British Gas, E.ON and Scottish Power brings judicial review over deal between Octopus and government

Wales Online

Mother-of-two receives £27,000 energy bill after smart meter error

Paula Coplin, 42, from Leicester, discovered the colossal bill while trying to claim back credit from her account

Daily Record

Mum left panicking with £27,000 energy bill after smart meter error

Paula Coplin tried to claim £1,000 in credit she had amassed for other bills when she was told she could not get her money back after being billed £27,404.81.

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