How the bailout of ‘irresponsible’ Bulb left taxpayers with a £2bn energy bill. Whitehall rules mean supplier has had to carry on buying energy at great expense – making it less attractive to buyers. As Bulb teetered on the brink, government officials faced the reality that 1.7m households would be left without power unless they stepped in. The energy supplier – financially ruined by rocketing gas and electricity prices – had failed to attract any suitors despite months of courtship … read more »
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