London Daily

Focus on the big picture.
Monday, Sep 07, 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
University of Bristol Opens £500 Million Innovation Campus
Families Give Evidence to Independent Review of Sussex Maternity Failures
Sweden Confirms Deportation of 458 British Citizens Over Post-Brexit Residency Rules
UK Launches £3 Million Challenge for Long-Duration Energy Storage
Reform UK Proposes £100 Billion in Spending Cuts and Brownfield Deregulation
Andy Burnham Warns Macron That EU Procurement Rules Could Hurt British Steel
Andy Burnham Faces Major Decision on Future North Sea Oil and Gas Drilling
SEND Support in England Projected to Reach One in 10 Pupils
England’s Housing Courts Struggle With Surge in No-Fault Eviction Cases
Violent Clashes Erupt in Portsmouth During Protest Against Asylum Processing
Three-Quarters of NHS Emergency Staff Report Regular Violence or Aggression
UK Considers Converting Female Prison Space for Male Inmates as Overcrowding Worsens
UK House Prices Record First Annual Decline in Nearly Three Years
UK Government Reassesses Policy Toward Israel Amid Calls for Diplomatic Shift
Reform UK Faces Police Scrutiny Over Alleged Foreign Donations Scheme
University of Bristol Opens £500 Million Temple Quarter Enterprise Campus
Online Bookmakers Accused of Privacy Breaches Through Cookie Consent Practices
Health Campaigners Urge UK Government to Abandon U.S. Pharmaceutical Agreement
Three-Quarters of UK A&E Staff Report Regular Violence or Aggression
Far-Right Demonstrations Target Portsmouth as Small-Boat Crossings Fuel Tensions
UK Records Hottest Summer on Record After Severe Heatwaves
UK Travellers Face Renewed EU Border Delays as Temporary Flexibility Ends
UK Rejects Calls to Pause AI Data Centre Expansion Despite Energy Concerns
UK Defence Figures Push for 3% Spending Target Amid Falklands Concerns
England Faces Rising Financial Pressure as Special Educational Needs Plans Surge
Metropolitan Police Consider Reform UK Probe Over Overseas Donations
Keir Starmer to Leave Parliament, Triggering By-Election
UK Treasury Weighs Windfall Taxes on Banks and Oil Companies Amid Bond Market Turmoil
Jaguar Land Rover to Cut Thousands of Jobs as UK Government Rules Out Bailout
OpenAI Unveils GPT-6 and Says: "We May Already Have Reached AGI"
Congressman Accused Andrew of Sex Crimes in the United States
Donald Trump: "I'm Glad Harry and Meghan Left the United States"
Spicy Food Is Linked to Lower Death Risk — but It Is Not a Miracle Cure
AfD Enters Saxony-Anhalt Election at 41% in Historic Test for German Politics
Gen Z Turns to Investing as America's First-Home Dream Moves Further Out of Reach
Thousands Join London March Calling for Tighter Abortion Restrictions
Institute of Directors Says Tax and Regulatory Uncertainty Still Weighs on UK Investment
Bank of England Faces Rate Dilemma as Weak Growth and Persistent Inflation Raise Stagflation Risks
Masked Anti-Immigration Protesters Block Roads to Port of Dover
Prime Minister Andy Burnham Sets Out Devolution and Re-Industrialisation Agenda
British Chambers of Commerce Forecasts UK Growth of Just 1% Through 2027
UK Government Advances Bill to Tighten Rules on Overseas Political Donations
Nigel Farage Faces Scrutiny Over Alleged Reform UK Donation-Law Evasion
Thousands Join Anti-Abortion March Through Central London
UK Beekeepers Call for Nationwide Tracking as Asian Hornet Sightings Increase
England Sees Sharp Rise in Property Subsidence Claims After Record Summer Heat
House of Lords Advances Financial Services Reform Bill
House of Lords Begins Detailed Scrutiny of Railways Bill and Great British Railways Plan
UK Treasury Cuts Green Book Discount Rate to Support More Regional Infrastructure Projects
Reform UK Suspends Two Senior Aides After Undercover Report on Foreign Donation Rules
×