Octopus Energy has confirmed it will repay the entire £3 billion in government loans it received to acquire Bulb’s customer base. The company, which acquired Bulb’s 1.5 million customers in 2022, said it will repay the loan in full by September this year. The sum is considerably less than the £6.5 billion the Office for Budget Responsibility estimated the cost to taxpayers of Bulb’s failure would be.
Octopus to repay £3bn in costs related to Bulb acquisition
