Bulb Energy: notification of Energy Transfer Scheme
Under the Energy Transfer Scheme, Bulb Energy customers will be moved to existing energy supplier Octopus Energy.
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Details
The Bulb Energy Limited administrators have entered into a sale transaction that will move Bulb’s customers to the existing energy supplier Octopus Energy.
This notice explains your rights as a customer and what you need to do.
Update: 21 December 2022
The Energy Transfer Scheme (ETS) has now taken effect as per the timings ordered by the High Court. See the Bulb updates for members for further information.
Update: 9 November 2022
The Secretary of State consulted the Gas and Electricity Markets Authority (GEMA) and approved the Energy Transfer Scheme (ETS), having had regard, in particular, to the public interest and the effect the ETS is likely to have (if any) upon the interests of third parties. The ETS will take effect on a date and time ordered by the Court.
Background
Bulb Energy has been in an Energy Supply Company Special Administration Regime since declaring insolvency in November 2021.
Last updated 21 December 2022 + show all updates
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The Energy Transfer Scheme (ETS) has now taken effect.
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The Secretary of State has consulted the Gas and Electricity Markets Authority (GEMA) and has approved the Energy Transfer Scheme (ETS), having had regard, in particular, to the public interest and the effect the ETS is likely to have (if any) upon the interests of third parties. The ETS will take effect on a date and time ordered by the Court.
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First published.