Sale Of Troubled Energy Company Bulb Delayed By High Court Over Very Serious Concerns Business News
The business is to be bought by Octopus Energy, which announced it would take over Bulb’s 1.5 million customers after the company was placed into special administration last year. The deal aims to “protect consumers and taxpayers” and “provide a stable new home for Bulb’s customers and 650 employees”, the Department for Business, Energy and Industrial Strategy (BEIS) confirmed. However, despite BEIS saying the sale will be completed after a legislative process called an energy transfer plan and Energy Secretary Grant Shapps giving his go-ahead to the plan, the date it will take place has now been postponed....