Why energy firm Bulb’s collapse may cost you £200
Each of the UK’s 31 million taxpayers may have to pay £200 to bail out the failed energy company. …
But crucially, say the objectors to the Bulb/Octopus deal, at the time they were asked to consider taking on Bulb, the government had not yet announced its Energy Price Guarantee which saw the government subsidising household bills, meaning millions of customers who would not have been able to pay, now could. This fundamentally reduced the risk of taking on more customers.
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