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Bulb Energy: Insolvency

Question for Department for Business, Energy and Industrial Strategy

UIN 24529, tabled on 24 June 2022

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.

Answered on

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.

Named day
Named day questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.