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The Latest Breaking News from Bulb

Octopus says it chose to ditch profit to keep energy bills down

Potential £9m profit dropped for £150m investment to shield consumers from price increases, says supplier

The Guardian - UK

Octopus Energy calls rivals ‘desperate’ in bitter court clash

British Gas, E.ON and Scottish Power demand scrutiny of process by which rival acquired collapsed Bulb

The Guardian - UK

Bulb energy’s billing errors plunged my family into penury

It debited my account twice in four days and I can’t feed my children

The Guardian - UK

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Households in Yorkshire ‘most willing to live near windfarm’

Midlands and north-east of England also show strong demand, says supplier Octopus Energy

The Guardian - UK

Bulb customers receive urgent message over future of energy bills as Octopus steps in

Octopus has now officially acquired Bulb - find out what it means for you

Manchester Evening News

Bulb customer 'horrified' after smart meter claims she used nearly £40k energy in ONE day

The eye-watering figure left her in a state of disbelief at first, but that soon turned to panic as she started to fear she owed thousands to her energy supplier

Daily Mirror

Woman's 'laughable' smart meter shows £39,025 energy use in a single day

Bulb said her energy use display wasn't working properly but her account balance was correct

Wales Online

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Bulb customer 'horrified' as smart meter says she used £39,025 of energy in one day

Hannah said there was no way they could have used so much gas and electricity in just one day

Liverpool Echo

Energy giants accused of hoarding £2bn of customer cash through direct debit overpayments

EDF, Centrica and Shell among dozens of firms accused of raising direct debits of customers who are thousands of pounds in credit.

Daily Record

Government to provide up to £4.5 billion to put Bulb Energy back in private hands

Around 1.5 million customers have a new source of energy as controversial acquisition goes through

Evening Standard

‘A mess-up worth billions’: energy rivals attack Bulb-Octopus deal

Lawyers for rival firms accuse government of attempting to hide costs involved in rescue of collapsed supplier

The Guardian - UK

UK high court approves Bulb takeover by Octopus Energy

Proposed buyout of collapsed supplier gets go-ahead despite judicial reviews lodged by rivals E.ON, Centrica and Scottish Power

The Guardian - UK

Energy bills could go even higher with collapse of another firm, says BG boss

It comes as the country has just nine days of gas stored up

Wales Online

British Gas owner fears another supplier will go bust as pressure on competitors rises

Chris O’Shea, chief executive of Centrica, said a warm autumn and winter were piling pressure on weaker competitors with the likelihood increasing that another will go bust

Daily Mirror

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The Guardian - UK

Octopus takeover of Bulb faces delay after rivals seek judicial review

Three companies complain over lack of transparency around deal which could be biggest government bailout since RBS and Lloyds

The Guardian - UK

Ofgem is taking a risk with new approach to regulating energy firms

The regulator seems to think it will be able to spot trouble in time to avoid more costs being piled on to consumers

The Guardian - UK

How the lights went out on Bulb – and the wrangle over its future

Decision on timing of Octopus’s takeover of collapsed energy supplier will be taken in court on Tuesday

Evening Standard

We’re all paying £200 to keep Bulb’s life support switched on

City Voices: The shambles in the energy sector

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The Guardian - UK

What on earth is going on with the massive Bulb bailout?

£4.6bn is an eye-watering amount for consumers to stump up – transparency from the government is long overdue

The Guardian - UK

Hunt’s windfall tax on energy leaves several billion on the table

The chancellor’s statement, viewed through the lens of companies and investors, looks ‘a very reasonable outcome’

The Guardian - UK

Bailing out bust energy supplier Bulb will cost taxpayers £6.5bn, figures show

The company collapsed in November last year and was put into a special government-handled administration

Wales Online

Octopus boss Greg Jackson claims the energy giant has 'never made a profit' on Martin Lewis money show

Greg Jackson was grilled by viewers on profits, prices and electric blankets

The Guardian - UK

Meta mass sackings show Mark Zuckerberg is rattled

Investors only have themselves to blame for not insisting on equal voting rights to rein in tech pioneer

The Guardian - UK

Octopus takeover of Bulb under scrutiny by spending watchdog

Exclusive: NAO to investigate deal amid calls for greater transparency over price paid to government

The Guardian - UK

There’s no excuse for wrapping the Bulb deal in so much secrecy

Octopus and business department claim taxpayers will get a ‘fair share’ of any profits, but refuse to shed light on transaction

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