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The Guardian - UK

Business

Sophie Zeldin-O'Neill

Octopus Energy announces takeover of collapsed supplier Bulb

Octopus Bulb Bulb Energy Greg Jackson Octopus Energy Group

Octopus CEO, Greg Jackson, said the company would work to deliver value for taxpayers. — Octopus CEO, Greg Jackson, said the company would work to deliver value for taxpayers. Photograph: Leon Neal/PA

Octopus Energy Group has sealed a deal to take on its collapsed rival Bulb Energy.

Octopus said it would take on the company’s 1.5 million customers, “bringing an end to taxpayer losses and uncertainty for Bulb customers and its 650 employees”.

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