Energy firm Bulb to receive £1.7bn bailout

Bulb, the failed energy supplier, is to be bailed out with up to £1.7 billion of taxpayers’ money after government insiders admitted a speedy sale was unlikely following its collapse into administration. The Treasury is preparing to ensure that Bulb’s

1.7 million customers continue to get power and gas through to April, the High Court was told yesterday. Ofgem, the energy regulator, won approval to have Bulb essentially nationalised through a process known as “special administration”. Business, page 1