![]() It is one of 25 suppliers to enter administration since the beginning of September.Ĭustomers of all the other failed businesses were transferred to a new supplier, but if Ofgem had done the same with Bulb’s 1.6 million customers it could have put too much pressure on the new supplier.īulb will instead continue to supply energy while being led by an administrator. He said that any conditions attached to the levy have not been decided.īulb collapsed last year, and entered a special administration on Wednesday after an application from energy regulator Ofgem, backed by Mr Kwarteng. If the costs are passed on to the industry, they are likely to find their way on to household bills.
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