To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 8 November 2022 to Question 78625, how much funding was claimed by Bulb Energy under the draw down funding agreement with BEIS before Bulb Energy was taken over by Octopus Energy.
Answered on
15 November 2022
As per Teneo’s progress report on 21st June 2022, a total drawdown of £901m has been used to meet the costs of the Energy Administrators under the funding agreement.
Further Information can be found at: https://find-and-update.company-information.service.gov.uk/company/08469555.
Teneo, as part of their statutory obligations are required to provide progress reports on a six-monthly basis.
Answered by
Department for Business, Energy and Industrial Strategy
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