Octopus Energy has completed its takeover of fallen rival Bulb, absorbing its 1.5m customers and becoming the third-biggest supplier in the UK with over five million households on its books.
- Dec 21, 2022, 2:30 PM CST
For the time being, Bulb’s 1.5m customers will remain on the company’s systems and still be looked after by the same team.Octopus was chosen to take on Bulb following an open competition run by Bulb’s special administrators. The Office for Budget Responsibility estimates the overall cost of Bulb’s year-long stint in special administration has risen to £6.5bn, a figure contested by both Octopus and the Government.
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