Today news
About the same in other media
Bulb’s collapse signals the urgent need for energy market reforms
Reading now: 894
About three hours after Bulb announced to the world, including its 1.7 million household customers, that it had gone bust, Ofgem confirmed the fact. Slow reactions, sadly, have typified the regulator’s struggle to keep pace with events in the energy crisis. Even now, after the biggest company failure, one can discern only an outline of a plan for reforming the retail market to ensure it can withstand future storms.
Still, “special administration”, or nationalisation, was the only practical short-term solution for Bulb. It would have been impossible to oblige another supplier to swallow so many customers in one gulp. The financial pain of loss-making supply contracts would merely have been shifted along the line.
The special administration
Read more on theguardian.comAbout this in other media
What will happen if Bitcoin goes to $150k in the near future ambcrypto.com /3 years ago
Japan’s CBDC plans to ‘speed up’ in the light of other countries ‘moving ahead’ with theirs ambcrypto.com /3 years ago
'Way overdue for a correction': Long-time bull Jim Paulsen delivers a 10% to 15% pullback forecast cnbc.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
