£1,000 a customer? Why the UK is counting the cost of keeping Bulb’s lights on

1000 a customer why the uk is counting the cost of keeping bulbs lights on

Sumary of £1,000 a customer? Why the UK is counting the cost of keeping Bulb’s lights on:

  • The life-support scheme set up to allow Bulb to keep supplying gas and electricity to its 1.7 million customers through the winter months could cost taxpayers up to £1.7bn, or £1,000 a customer, according to a court application to hand the company to a special administrator.
  • Officials are understood to be focused on finding a quick exit strategy from the arrangement as early in the new year as possible to help limit the eye-watering costs, as signs of the supplier’s “unsustainable” business model grow clearer.
  • Bulb was able to benefit from this strategy between late 2018 and last summer as market prices drifted downwards, but the recent hike in markets meant it was paying record-breaking prices to secure winter energy supplies.
  • I don’t think Bulb was doomed to fail, even at the start of the energy crisis, but by the time higher prices took hold it was too late.

Want to know more click here go to source.

From -

Close

Site Language


Popular Topics

soybean  hyosung  apple  Gsk  UK 

Popular Posts

297,800

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close