Bulb Energy: Insolvency

(asked on 28th March 2022) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether the special measures approved for the administration of Bulb energy were made available to other suppliers in financial difficulties.


Answered by
Greg Hands Portrait
Greg Hands
Minister of State (Department for Business and Trade)
This question was answered on 31st March 2022

When an energy supplier becomes insolvent, Ofgem has to the power to either appoint a Supplier of Last Resort (SoLR) or seek consent from the BEIS Secretary of State to apply for an energy supply company administration order (SAR). This is a judgment for Ofgem, who take into account the specifics of the failed supplier and the circumstances in the supply market at the time.

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