Home » Bulb Energy enters special administration: what this implies for buyers

Bulb Energy enters special administration: what this implies for buyers

Is Bulb going bust? Green energy supplier could be latest to topple in UK

On Monday 22 November, Bulb Energy announced that it was coming into administration. At the time of the announcement, it was the UK’s seventh-largest electricity supplier, with 1.7 million customers and 1,000 members of staff members.

Owing to its sizing, Bulb will be positioned into special administration. This is the first time an vitality provider has at any time entered the specific administration process, which was only designed to be applied if Ofgem was not able to discover yet another enterprise to just take about an vitality firm’s consumers.