London Daily

Focus on the big picture.
Thursday, Sep 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
Buckingham Palace Says Prince Harry and Meghan Will Not Resume Official Royal Duties
UK Treasury Faces Calls to Scrap £100,000 Childcare Support Threshold
Trades Union Congress Urges Labour Government to Rewrite Migration Policy
Riot Police Deployed After Anti-Migrant Protests Turn Violent in Portsmouth
UK Considers Replacing Some Disability Cash Payments With Direct Services
JPMorgan’s Jamie Dimon Warns UK Chancellor Against Higher Banking Taxes
UK Announces New Sanctions Targeting Israeli Settlements in West Bank
Metropolitan Police Investigate Alleged Illegal Donations to Reform UK
UK Charges Wiltshire Man With Assisting Russian Intelligence
UK Orders Urgent Review After Air Traffic Failure Cancels More Than 2,000 Flights
Merz Rebukes AfD Expansion in Saxony-Anhalt
King Charles Confirms Prince Harry and Meghan Will Remain Private Citizens
Labour Selects Former Child Refugee for By-Election in Keir Starmer’s Former Seat
Foreign Private Equity Accelerates Takeovers of London-Listed Industrial Companies
NHS Maternity Care Faces Scrutiny Over Support for Mothers After Caesarean Births
BBC Warns Staff Strikes Are Likely Amid Job Cuts and Programme Cancellations
English Housing Affordability Improves to Best Level in More Than a Decade
UK Health Commission Proposes Framework for Wider AI Adoption Across NHS
Labour Faces Pressure for Wealth Tax Ahead of Autumn Budget
Metropolitan Police Open Criminal Investigation Into Alleged Foreign Donations to Reform UK
UK Police Deploy Riot Officers After Anti-Immigration Unrest in Portsmouth and Dover
UK Defends Sanctions on Israeli Settlements Despite Diplomatic Retaliation
UK Air Traffic Control Failure Cancels More Than 1,000 Flights and Disrupts 65,000 Passengers
Compass Urges £10 Million Wealth Tax and Public Ownership Ahead of UK Autumn Budget
UK Government’s Devolution Plans Face House of Lords Scrutiny
Maldives Seeks New Chagos Sovereignty Talks With UK Prime Minister Andy Burnham
UK Airports Face Continuing Disruption After National Air Traffic Control Failure
UK Bans Imports From Israeli Settlements and Expands Sanctions on Iran
British Chambers of Commerce Forecasts UK Growth of 1% as Investment Remains Weak
UK Suspends Local Government Reorganisation Decisions and Cancels Planned Shadow Authority Polls
UK Parliament Opens Inquiry Into Gaps in Climate Change Preparedness
Andy Burnham and Xi Jinping Hold Talks on Trade, Security and British Consular Cases
UK Joins France, Canada and Other Nations in Measures Against Israeli West Bank Settlements
UK Announces New Sanctions Targeting Iranian Nuclear and Military Networks
British Chambers of Commerce Calls for Business Rate Reform and Productivity Support
UK Farmers Warn Dry Summer Could Reduce Crop Yields and Push Up Food Prices
UK Rail Networks Hit by Widespread Delays After Major Signalling Failures
Matt Clifford Resigns as ARIA Chair After Conflict-of-Interest Scrutiny
UK and France Say Joint Border Operations Have Prevented More Than 48,000 Irregular Channel Crossings
UK Core Inflation Remains Above Expectations as Utility and Commodity Costs Stay Elevated
Jaguar Land Rover Considers Up to 4,000 UK Job Cuts Amid Automotive Industry Pressure
UK Government Pauses Local Authority Reorganisation for Legal Review
UK Public Borrowing Reaches £1.8 Billion in July, Adding Pressure Before Autumn Budget
Chancellor John Healey Puts Regional Devolution and Fiscal Discipline at Heart of UK Growth Plan
Counter-Terrorism Police Lead Salford Investigation After Two Teenagers Charged
UK Rejects Financial Reparations for Transatlantic Slavery
UK and Egypt Step Up Diplomacy Over Escalating West Bank Tensions
UK Pauses Council Reorganisation Across Four English Counties
Jaguar Land Rover Plans 4,000 Job Cuts in Major UK Restructuring
UK Unveils Planning and Regulatory Overhaul to Speed Infrastructure and Economic Growth
×