The cost of facilitating the special administration regime (SAR) used when Bulb exited the market has exceeded £41 million, the latest administration report reveals. The report says that the Department for Energy, Security and Net Zero (DESNZ) has additionally approved around £3.8 million in administration costs to be awarded to administrators Teneo, taking the total to more than £41 million plus VAT.
Bulb administration costs exceed £40m
