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The Guardian - UK
The Guardian - UK
Business
Alex Lawson and Anna Isaac

Bailing out bust energy supplier Bulb will cost taxpayers £6.5bn, figures show

Bulb Octopus Amit Gudka Hayden Wood OBR
Bulb bailout threatens to add more than £200 on to bills for households.
Bulb bailout threatens to add more than £200 on to bills for households. Photograph: Sam Oaksey/Alamy

Bailing out bust energy supplier Bulb will cost taxpayers a “staggering” £6.5bn, official figures have revealed.

The Office for Budget Responsibility (OBR) said that an extra £4.6bn has been spent on handling the company in 2022-23, bringing the total to £6.5bn.

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