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Key questions answered for customers after Bulb Energy’s collapse
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Bulb Energy has collapsed, in the biggest ever energy supplier failure. Here we address some of the most important questions for the company’s 1.7 million household customers.
Why has this happened?At the start of the energy crisis in September, analysts were warning there would be a tsunami of small energy supplier failures – and 21 suppliers have now collapsed. The cause is simple. Wholesale prices have soared, leaving firms that had not forward-bought all their gas and electricity having to buy it for more than they were able to sell it to customers for. The price cap limits the amount suppliers can charge households.
Bulb was a big supplier – why has it failed?The energy crisis just got serious. Until now, the failures have been limited
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