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The Guardian - UK
The Guardian - UK
Business
Alex Lawson Energy correspondent

Octopus takeover of Bulb under scrutiny by spending watchdog

Octopus energy trains and displays heat-pump installation in Slough
Octopus said it had paid ‘above market value’ to acquire Bulb’s 1.5 million customers. Photograph: Leon Neal/Getty

The spending watchdog is to examine Octopus Energy’s takeover of Bulb after the collapsed energy supplier was bought out of a state-handled administration.

The Guardian understands that the National Audit Office’s comptroller and auditor general, Gareth Davies, has commissioned work to scrutinise the deal.

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