London Daily

Focus on the big picture.
Monday, Aug 10, 2026

Sale of collapsed energy company Bulb delayed by High Court over 'very serious concerns'

Sale of collapsed energy company Bulb delayed by High Court over 'very serious concerns'

In October, Octopus Energy announced it had sealed a deal to buy its rival and would be taking on Bulb's 1.5 million customers after the firm was placed into special administration in November 2021.
The sale of collapsed energy company Bulb has been delayed by a High Court judge after concerns were raised by rival firms.

The business is set to be bought by Octopus Energy, who announced it would be taking on Bulb's 1.5 million customers after the company was placed into special administration last year.

The deal aims to "protect consumers and taxpayers" and "provide a stable new home for Bulb's customers and 650 employees", the Department for Business, Energy & Industrial Strategy (BEIS) confirmed.

However, despite the BEIS saying the sale will be completed following a statutory process called an energy transfer scheme and Energy Secretary Grant Shapps giving the plan his approval, the date of when it will take place has now been pushed back.

High Court Judge Mr Justice Zacaroli ordered for the transfer date to be delayed from 15 November, saying energy companies Scottish Power, British Gas and Eon had raised concerns about the proposal.

British Gas and Scottish Power have argued they have not been given enough time to consider the deal, and raised the potential for a legal challenge against Mr Shapps' approval.

Bulb's administrators said there was "significant commercial urgency to justify going ahead" but a representative for British Gas said there were concerns the proposal could be "unlawful".

David Allison KC, for Scottish Power, later said there were "very serious concerns about the process".

He told the court: "There is such a degree of redactions to the terms of the deal, it is impossible for Scottish Power and its legal team to understand the agreement."

The High Court judge adjourned ordering the start of the scheme, with a hearing now expected around the end of the month.

Mr Justice Zacaroli said: "I do not think there is a level of urgency that requires me to go ahead and appoint an effective date today.

Friday's hearing comes after a different judge delayed a bid by Bulb's administrators for repayment of costs totalling more than £28m.
Newsletter

Related Articles

0:00
0:00
Close
Alleged Cartel Boss Daniel Kinahan Extradited From Dubai to Face Criminal Charges
AI Chatbots Challenge Traditional News Consumption and Raise Job Concerns
Andy Burnham Government Promises Crackdown on Exploitative Business Practices
UK University Funding Model Faces Growing Pressure From Unsustainable Student Debt
Government Urged to Subsidise Energy Bills for Vulnerable UK Households
UK Military Spending Plans Threaten to Deepen Infrastructure Funding Gap
Israeli Government Rejects US Peace Framework for Gaza
New Labour Government Signals Closer Economic and Strategic Ties With European Union
Amber Heat-Health Alerts Issued Across England as Temperatures Threaten 36 Degrees
UK Economy Expected to Grow Despite Energy and Supply Chain Shock From Iran Conflict
Foreign Social Media Accounts Drove Disinformation During Belfast and Southampton Riots
Record Number of Migrants Cross English Channel in Single Vessel as Smugglers Deploy Mega-Dinghies
Russia’s A7 Builds a State-Linked Payments Network Beyond Western Sanctions
Reports of Mark Zuckerberg-Linked Superyacht Declining Rescue Assistance Draw Maritime Scrutiny
Preserving Three Banksy Artworks in London Has Cost Taxpayers Nearly £150,000
Four Ugandan Athletes Disappear From Delegation After UK Sporting Events
French Authorities Report Channel Interventions as Cross-Border Migration Dispute Continues
Home Office Admits Error in Settled Status Case Involving Long-Term Italian Resident
Unite Calls for Independent Review of UK Budget Watchdog's Fiscal Forecasting Rules
Thinktank Calls for £175 Annual Energy Bill Cut for Low-Income Households
Foreign-Linked Social Media Accounts Amplified Recent Unrest in Belfast and Southampton, Analysis Finds
London Mayor Sadiq Khan Orders Westminster to Drop Proposed Soho and West End Hospitality Ban
Royal Navy Deployments to Monitor Russian Activity in UK Waters Rise 25 Percent
UK Economy Expected to Grow 0.4 Percent in Second Quarter Despite Geopolitical Pressures
Andy Burnham Launches Cost-of-Living Measures Targeting Subscription Traps and Misleading Discounts
Hyper-Realistic Reborn Dolls Draw Collectors Seeking Comfort and Craft
Gen Z Cuts Back on Dating as a Night Out Nears $200
Patients Turn to Artificial Intelligence for Therapy as Psychiatrists Warn of Privacy and Clinical Risks
Couples Embrace ‘Sleep Divorce’ to Protect Rest and Reduce Tension
Meta Ordered to Pay $567 Million and Change Facebook and Instagram Safeguards for Children
Up to only 10 Months in Prison for Swedish Officer’s Murderer Sparks Anger
Success: Nvidia Turned Gaming Chips Into the Engine of the AI Boom
Jorge Messi, Lionel Messi’s Father and Longtime Agent, Dies at 68
AI’s Next Bottleneck Is Power, Not Just Nvidia Chips
Advertising trick: Pepsi’s Harrier Jet Commercial Led to a $700,000 Court Fight
Meta Raises AI Spending Target to as Much as $145bn Despite Pressure Over Returns
Danube Drought Exposes Nazi Wrecks and Pushes Central Europe’s Power System to the Brink
Joe Biden’s Cancer Has Spread Beyond His Bones, Hunter Biden Says
Air Traffic Control Outage Grounded Flights Across the Midwest
Why 2027 Could Be a Strong Year for Stocks—and Why the Forecast Is Fragile
Why Markets May Look Quiet in August After Big Tech Earnings
Partial Solar Eclipse Expected to Draw Interest Across Southwestern UK
UK Graduate Job Postings Fall 7% as Entry-Level Opportunities Remain Scarce
UK Private Sector Returns to Growth as July Activity Reaches Highest Level Since April
UK Summer Drought and Wildfires Raise Pressure for Stronger Environmental Measures
UK Household Credit Stress Rises as Credit Card Lending Growth Hits 12.5%
London Stock Exchange Revises AIM Rules to Make Growth Capital More Accessible
NHS England to Expand Mental Health Services With 155 New and Upgraded Facilities
UK Overhauls £90 Billion Public Procurement System to Reward Domestic Jobs and Apprenticeships
Andy Burnham Holds Strong Approval as Labour Maintains Narrow Lead Over Reform UK, Opinium Finds
×