Octopus Energy announces takeover of collapsed supplier Bulb

Octopus to pay government to take on 1.5m customers and 650 staff of taxpayer-supported rival

Octopus Energy Group has sealed a deal to take on its collapsed rival Bulb Energy.

Octopus said it would take on the company’s 1.5 million customers, “bringing an end to taxpayer losses and uncertainty for Bulb customers and its 650 employees”.

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