Bulb Energy enters special administration: what this means for customers

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On Monday 22 November, Bulb Energy announced that it was entering administration. At the time of the announcement, it was the UK’s seventh-largest energy supplier, with 1.7 million customers and 1,000 members of staff.

Due to its size, Bulb will be placed into special administration. This is the first time an energy supplier has ever entered the special administration process, which was only designed to be used if Ofgem was unable to find another company to take over an energy firm’s customers.

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