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Bulb Energy: Octopus Energy

Question for Department for Business, Energy and Industrial Strategy

UIN 82139, tabled on 8 November 2022

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will provide details of the profit share agreement that will apply until Octopus Energy has repaid the public funding from Government for the cost of the energy bought for Bulb customers.

Answered on

14 November 2022

A profit-share agreement will be put in place for the ringfenced business until agreed funding is repaid by Octopus. Under this structure, payments to shareholders or the wider Octopus group from the ringfenced entity would be restricted until the repayable funding to Government is complete.

The details of the profit share agreement are commercially sensitive and will not be published.

Answered by

Department for Business, Energy and Industrial Strategy
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.