Octopus Energy, the UK’s largest electricity supplier, has completed a payment of over £3 billion to the government to acquire failed energy supplier Bulb.
Energy suppliers British Gas, OVO, Bulb, E.ON, Scottish Power and SSE have been ordered to pay a combined £10.8 million after missing the smart meter installation target in 2022.
Australian power company Origin Energy has upgraded its 2023 financial year energy markets earnings due to a “stronger than expected” contribution from Octopus Energy.
The High Court has unequivocally found that the Government received a fair price for the acquisition of Bulb by the Octopus Energy Group, throwing out the judicial review brought by Centrica, Scottish Power and E.On.