Bulb Energy: Insolvency

(asked on 2nd December 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, pursuant to the Answer of 2 December 2021 to Question 82263, if he will list the various options available to Government for exiting the Special Administration Regime with Bulb energy.


Answered by
Greg Hands Portrait
Greg Hands
This question was answered on 8th December 2021

There are a range of possible options that could be taken to end the Special Administration Regime. These include through a restructuring, a trade sale or transferring the customers to other suppliers.

The Government will work closely with the Energy Administrators to ensure that any exit from the SAR achieves the best result for Bulb’s customers, creditors, taxpayers and the wider energy sector.

Reticulating Splines