Category: OctopusBulb
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UK Government nets £1.5bn profit from Octopus-Bulb deal, closing the bailout chapter
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The UK government has secured a £1.5bn windfall following Octopus Energy’s takeover of collapsed energy supplier Bulb, marking the conclusion of the Bulb rescue saga. Octopus Energy has paid more than £3bn to the government, providing a major financial boost amid pressing budget constraints. The government intervened in November 2021…
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UK Government nets £1.5bn profit from Octopus-Bulb deal, closing the bailout chapter
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The UK government has secured a £1.5bn windfall following Octopus Energy’s takeover of collapsed energy supplier Bulb, marking the conclusion of the Bulb rescue saga. Octopus Energy has paid more than £3bn to the government, providing a major financial boost amid pressing budget constraints. The government intervened in November 2021…