Taxpayer to shoulder cost of running collapsed firm after fundraising plans scuppered by energy crisis
Bulb Energy could be in the hands of an administrator within hours after the regulator applied to the courts for an advisory firm to run it after its collapse on Monday.
Britain’s seventh largest supplier is set to become the first energy company to be placed into a “special administration” process so it can continue to provide gas and electricity to its 1.7 million customers through the winter after going bust on Monday.
