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Wales Online
Wales Online
Jonathon Manning

Petition to nationalise Bulb energy firm launched as cost of living crisis worsens

A petition calling on the government to nationalise a UK energy company has gathered thousands of signatures. The petition is calling for the Government put Bulb into public hands rather than allowing it to be sold.

Last year Bulb collapsed into administration. But rather than allow the company to fail, the government stepped in and set aside £1.7billion to allow the company to continue to operate while administrators worked to restructure or sell off the business.

The unusual deal, which effectively sees the Government prop up the business, was carried out because officials deemed Bulb's administration was too big to be handled in the usual way. Bulb is the UK's seventh biggest energy supplier and has more than 1.6 million customers.

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