To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 16 June to Question 16806, what agreements were made in the contract that took Bulb Energy into the Special Administration Regime about the repayment of loans to investors.
29 June 2022
Bulb Energy was placed into Special Administration by way of an order of the court, not a contract. The Special Administrators are bound by the Administration Funding Agreement (AFA), endorsed by the court.
The AFA between the Energy Administrators, Bulb and the Secretary of State is an agreement in respect of financial support during the administration.