Bulb Energy: Insolvency

(asked on 26th November 2021) - 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 costs associated with Bulb Energy Ltd entering the special administration regime will be passed on to billpayers.


Answered by
Greg Hands Portrait
Greg Hands
Minister of State (Department for Business and Trade)
This question was answered on 2nd December 2021

The Government will recover costs either by the special administration regime administrator realising the value of Bulb's assets, or through the established shortfall recovery mechanism, which will see a levy charged on industry. The details of this levy will be decided by the Government in consultation with Ofgem and industry.

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