Energy supplier’s deal to acquire rival’s 1.6m customers would cost taxpayers an estimated £4bn in losses
Octopus Energy is reportedly closing in on a takeover of its rival Bulb in a deal that will cost taxpayers an estimated £4bn in losses.
Ministers at the Treasury and the Department for Business, Energy and Industrial Strategy (Beis) have been informed that a sale of Bulb’s customer base of 1.6 million would be the most favourable outcome, according to Sky News.
