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Government support to keep Bulb going could cost taxpayer up to £1.7bn
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The government has begun to count the cost of Bulb Energy’s collapse as many begin to wonder whether it is a fair price to pay for policymakers’ failure to spot a looming market breakdown.
The life-support scheme set up to allow Bulb to keep supplying gas and electricity to its 1.7 million customers through the winter months could cost taxpayers up to £1.7bn according to a court application to hand the company to a special administrator.
Officials are understood to be focused on finding a quick
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