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Bulb Energy

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259: 2969: 143: 126: 337:. In November 2021, Bulb became the first energy company to go into Special Administration, under which it will be run by the government through the regulator Ofgem. This process will allow the government the option to make grants and loans to the business while the administrators work to transfer customers and sell the business in parts or whole. 246:
on 24 November 2021 following a refusal by investors to provide further funding. While customers of other failed suppliers have been transferred by Ofgem to new suppliers, the regulator decided Bulb was too large, so it became the first energy company in the UK to enter special administration.
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and ran at a financial loss while achieving rapid growth in customers. Bulb claimed to provide electricity and gas from renewable or off-set sources. As of November 2021, it had a share of approximately 5-6% of the UK energy market and was considered the seventh largest in the country.
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Initial funding came from the founders' savings and from their personal contacts. The backing was then obtained from JamJar Investments. In August 2018 a further £60 million funding was secured from two backers:
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Growth was rapid from the start of 2017, and by early March 2019, the company had over 1 million customers and was employing over 550 staff. Its headquarters moved in February 2019 from offices at Hanbury Street,
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In October 2022, Octopus Energy announced they planned to acquire Bulb's 1.5 million customers and 650 staff. The acquisition was completed on 21 December 2022.
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Bulb Energy Ltd. was incorporated in April 2013 under Regent Power Ltd. and was known as Hanbury Energy Ltd. between June and October 2015. Its
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In October 2022, Octopus Energy agreed to acquire Bulb's 1.5 million customers. The acquisition was completed on 21 December 2022.
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The government set aside £1.7 billion to cover the company's trading costs and the cost of the administration. According to the
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Companies with headquarters and/or registered office in the UK but no applicable energy operations within the country shown in
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were appointed administrators of Bulb in the UK on 24 November, and Interpath were appointed for Bulb's parent Simple Energy.
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In August 2020, Bulb agreed to pay £1.76 million in redress, refunds, and goodwill payments after industry regulator
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Ultimate parent company is not UK-based Integrated in the United States, no generation or supply activities in the UK
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is Simple Energy. From the start of trading, the directors were Amit Gudka, a former energy market trader for
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The company's subsidiaries in France, Spain, and Texas were unaffected by its entry into administration.
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found 11,400 customers had been overcharged, together with other mistakes (some self-reported by Bulb).
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In the year 2018–2019, Bulb's renewable electricity was generated as follows: 73% from
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In September 2021, the company sought a bailout due to financial problems caused by
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Bulb announced in June 2019 that they were expanding to France, Spain, and Texas.
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supplier, and the UK's seventh-largest energy supplier, smaller only than the "
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In September 2021, Bulb sought a bailout due to financial problems caused by
2127: 1963: 1723: 1516: 1365: 589:"BULB ENERGY LTD - Overview (free company information from Companies House)" 932:"Bulb Energy, which supplies 1.7m customers, collapses into administration" 1207:"BULB ENERGY LTD - Filing history (free information from Companies House)" 2918: 1703: 1673: 1606: 1562: 1402: 1320: 1058:"Octopus completes the acquisition of Bulb Energy after a year-long saga" 271: 1189:"SSE hits out after Bulb claims big energy firms are squeezing families" 2117: 1993: 1973: 1958: 1911: 1824: 1631: 1611: 1469: 1426: 1333: 907:"Two energy suppliers offered rival plans to Bulb's government bailout" 762:"What you need to know about Bulb, the fastest growing UK tech company" 560:"'Too good to be true': the rapid rise and costly fall of Bulb Energy" 2237: 377: 325:
identified Bulb as the UK's fastest-growing private company of 2018.
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Decarbonisation measures in proposed UK electricity market reform
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Companies that have entered administration in the United Kingdom
2880: 2717: 2543: 2027: 1269: 1231: 1390: 1299: 1013:"Octopus Energy announces takeover of collapsed supplier Bulb" 1139:"Energy firm pays out £1.76m after failing 61,000 customers" 1360: 294:. By 2018, the company was worth between £400M and £500M. 855:"Bulb Energy Limited: information for interested parties" 1082: 959:"Ofgem applies to put Bulb in special administration" 199: 262:
155 Bishopsgate, London, headquarters of Bulb Energy
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Join Bulb - Making energy simpler, cheaper, greener
643:"Bulb switches on revenue growth but losses spiral" 203: 195: 168: 158: 150: 133: 120: 106: 89: 71: 63: 55: 47: 35: 2914:Double Glazing & Conservatory Ombudsman Scheme 2582:Department for Environment, Food and Rural Affairs 1083:"Bulb - Making energy simpler, cheaper, greener" 811:"Energy firm Bulb set to go into administration" 687:"Tech firm crowned UK's fastest-growing company" 376:. Bulb's carbon-neutral gas was composed of 10% 218:in 2022. Founded in 2013, the company attracted 619: 617: 615: 613: 611: 609: 3001:Electric power companies of the United Kingdom 2830:Centre for Renewable Energy Systems Technology 2632:Climate Change and Sustainable Energy Act 2006 788:"UK energy company seeks funds to stay afloat" 1243: 1161: 1159: 502: 500: 8: 21: 2577:Department for Energy Security and Net Zero 2210:Timeline of the electricity supply industry 1182: 1180: 583: 581: 2894:Association for the Conservation of Energy 2877: 2725: 2714: 2551: 2540: 2390: 2035: 2024: 1894: 1797: 1646: 1596: 1350: 1279: 1266: 1250: 1236: 1228: 1011:Zeldin-O'Neill, Sophie (29 October 2022). 27: 20: 725:"Bulb Energy named in top startups list" 396: 2697:United Kingdom Climate Change Programme 805: 803: 801: 496: 2273:United Kingdom Atomic Energy Authority 329:Special administration and acquisition 67:Regent Power Ltd., Hanbury Energy Ltd. 3016:British companies established in 2015 2597:Office of Gas and Electricity Markets 2168:Isle of Man to England Interconnector 905:Thomas, Nathalie (26 November 2021). 879:Rojas, John-Paul (25 November 2021). 704:Havelock, Laurie (27 December 2018). 335:sharply increasing natural gas prices 7: 2924:Energy efficiency in British housing 2899:British Energy Efficiency Federation 2814:Utilities Intermediaries Association 2784:Association for Decentralised Energy 2195:New Electricity Trading Arrangements 2113:Association of Electricity Producers 1912:Scottish Hydro Electric Transmission 2418:Renewable Transport Fuel Obligation 1108:"Bulb is expanding internationally" 985:Earl, Nicholas (24 November 2021). 957:Graham, August (24 November 2021). 313:In 2018, Bulb was the UK's largest 2068:Confederation of UK Coal Producers 1989:United Downs Deep Geothermal Power 1167:"Challenger to Watch: Bulb Energy" 1118:from the original on 13 April 2021 14: 2753:Centre for Alternative Technology 2248:Nuclear Decommissioning Authority 1187:Vaughan, Adam (14 January 2019). 1056:Burton, Lena (21 December 2022). 742:Vaughan, Adam (26 January 2019). 2967: 2617:Carbon Emission Reduction Target 2336:Natural gas-fired power stations 1137:Bradley, Jane (13 August 2020). 535:"Annual update for members 2020" 509:"Bulb saw losses reduce in 2020" 142: 141: 125: 124: 3006:Utilities of the United Kingdom 2934:Energy Saving Trust Recommended 2748:Campaign against Climate Change 729:Power Engineering International 723:Ross, Kelvin (1 October 2018). 2719:Non-governmental organisations 2662:Energy performance certificate 2346:North Sea Transition Authority 660:Team Bulb (19 February 2021). 286:(owned by Russian billionaire 242:regime) by industry regulator 1: 2996:2022 mergers and acquisitions 2850:Oil Depletion Analysis Centre 2835:Energy Technologies Institute 2672:Low Carbon Building Programme 2514:North Seas Energy Cooperation 2263:Office for Nuclear Regulation 1769:TotalEnergies Gas & Power 662:"An update from our founders" 236:increasing natural gas prices 16:British energy supply company 2642:CRC Energy Efficiency Scheme 2454:Hydroelectric power stations 2326:National Transmission System 2233:Franco-British Nuclear Forum 1259:Energy in the United Kingdom 2951:National Home Energy Rating 2794:Energy Networks Association 2504:List of offshore wind farms 2243:National Nuclear Laboratory 2228:Advanced Gas-cooled Reactor 2153:Grid Trade Master Agreement 507:Adam John (11 March 2021). 3037: 2909:Code for Sustainable Homes 2677:Non-Fossil Fuel Obligation 2652:Display Energy Certificate 2509:List of onshore wind farms 1876:Wales & West Utilities 1835:Western Power Distribution 1664:Engie Energy International 1211:beta.companieshouse.gov.uk 593:beta.companieshouse.gov.uk 533:Team Bulb (2 March 2021). 3011:Companies based in London 2963: 2889: 2876: 2860:UK Energy Research Centre 2799:Energy Retail Association 2724: 2713: 2550: 2545:Government and regulation 2539: 2436:Geothermal power stations 2143:Energy switching services 2053:Coal-fired power stations 2034: 2023: 2002: 1278: 1265: 154:1,700,000 (Nov 2021) 26: 2941:Greenhouse gas emissions 2840:Met Office Hadley Centre 2687:Renewable Heat Incentive 2627:Climate Change Agreement 2572:Climate Change Committee 2361:Oil-fired power stations 2316:Greenhouse gas emissions 2253:Nuclear Liabilities Fund 2123:East–West Interconnector 2073:Greenhouse gas emissions 2904:Close the Door campaign 2855:Sunbury Research Centre 2622:Climate Change Act 2008 2301:Forties pipeline system 2158:Gridlink Interconnector 2758:National Energy Action 2519:Wind power in Scotland 2413:Renewable Fuels Agency 2403:Biofuel power stations 2258:Nuclear power stations 1825:SSE Power Distribution 1810:Electricity North West 1490:Rockhopper Exploration 1171:The Challenger Project 398:Bulb customer numbers 263: 77:; 11 years ago 2692:Renewables Obligation 2376:Petroleum Revenue Tax 1861:Northern Gas Networks 1669:Horizon Nuclear Power 290:), and US hedge fund 261: 2351:Offshore Energies UK 2321:Hydrocarbon Oil Duty 2173:Moyle Interconnector 2095:Open-pit coal mining 2929:Energy Saving Trust 2883:Energy conservation 2637:Climate Change Levy 2587:Energy Saving Trust 2499:Offshore wind power 2138:Electricity billing 2088:National Coal Board 2063:Coal mining regions 1866:Phoenix Natural Gas 1759:Phoenix Natural Gas 1543:Amec Foster Wheeler 693:. 11 December 2018. 691:BusinessCloud.co.uk 649:. 19 December 2018. 399: 160:Number of employees 23: 2763:Stop Climate Chaos 2592:Environment Agency 2366:Oil infrastructure 2331:Natural gas fields 2311:Gas infrastructure 2163:HVDC Cross-Channel 1917:SP Energy Networks 1820:SP Energy Networks 1815:Northern Powergrid 1173:. 26 January 2018. 938:. 22 November 2021 817:. 22 November 2021 768:. 10 December 2018 566:. 22 November 2021 397: 264: 200:https://bulb.co.uk 129:£1.52B (2020) 2983: 2982: 2959: 2958: 2872: 2871: 2868: 2867: 2804:Green Power Forum 2709: 2708: 2705: 2704: 2682:Planning Act 2008 2535: 2534: 2531: 2530: 2527: 2526: 2148:Green electricity 2019: 2018: 2015: 2014: 2010: 1947: 1946: 1943: 1942: 1884: 1883: 1830:UK Power Networks 1787: 1786: 1779:Utility Warehouse 1749:Outfox the Market 1685:Vedanta Resources 1586: 1585: 1457:Melrose Resources 1450:JKX Oil & Gas 1443:Hardy Oil and Gas 1037:. 29 October 2022 794:. September 2021. 631:. 17 August 2018. 488: 487: 209: 208: 164:1,000 (2020) 146:-£63M (2020) 3028: 2971: 2970: 2878: 2789:Energy Institute 2726: 2715: 2667:Fossil Fuel Levy 2552: 2541: 2446:Hydroelectricity 2391: 2036: 2025: 2004: 1969:Aquamarine Power 1895: 1798: 1647: 1597: 1414:Desire Petroleum 1397:Capricorn Energy 1351: 1280: 1267: 1252: 1245: 1238: 1229: 1222: 1221: 1219: 1217: 1203: 1197: 1196: 1184: 1175: 1174: 1163: 1154: 1153: 1151: 1149: 1134: 1128: 1127: 1125: 1123: 1104: 1098: 1097: 1095: 1093: 1079: 1073: 1072: 1070: 1068: 1053: 1047: 1046: 1044: 1042: 1027: 1021: 1020: 1008: 1002: 1001: 999: 997: 982: 976: 975: 973: 971: 954: 948: 947: 945: 943: 928: 922: 921: 919: 917: 902: 896: 895: 893: 891: 876: 870: 869: 867: 865: 851: 845: 844: 833: 827: 826: 824: 822: 807: 796: 795: 784: 778: 777: 775: 773: 766:Evening Standard 758: 752: 751: 739: 733: 732: 720: 714: 713: 701: 695: 694: 683: 677: 676: 674: 672: 657: 651: 650: 647:Business Matters 639: 633: 632: 629:Evening Standard 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432: 430: 427: 423: 422: 420: 417: 413: 412: 409: 404: 372:, and 3% from 361: 358: 330: 327: 308:City of London 268:parent company 255: 252: 240:administration 216:Octopus Energy 207: 206: 197: 193: 192: 190: 189: 187:(2022–present) 184:Octopus Energy 181: 177:Simple Energy 174: 172: 166: 165: 162: 159: 156: 155: 152: 148: 147: 139: 134: 131: 130: 122: 118: 117: 115:United Kingdom 114: 110: 108: 104: 103: 101: 100: 97: 93: 91: 87: 86: 73: 69: 68: 65: 61: 60: 57: 53: 52: 49: 45: 44: 41: 36: 33: 32: 15: 13: 10: 9: 6: 4: 3: 2: 3033: 3022: 3019: 3017: 3014: 3012: 3009: 3007: 3004: 3002: 2999: 2997: 2994: 2993: 2991: 2976: 2975: 2966: 2965: 2962: 2952: 2949: 2947: 2944: 2942: 2939: 2935: 2932: 2931: 2930: 2927: 2925: 2922: 2920: 2917: 2915: 2912: 2910: 2907: 2905: 2902: 2900: 2897: 2895: 2892: 2891: 2888: 2884: 2879: 2875: 2861: 2858: 2856: 2853: 2851: 2848: 2846: 2843: 2841: 2838: 2836: 2833: 2831: 2828: 2827: 2825: 2821: 2815: 2812: 2810: 2807: 2805: 2802: 2800: 2797: 2795: 2792: 2790: 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2324: 2322: 2319: 2317: 2314: 2312: 2309: 2307: 2306:Fuel protests 2304: 2302: 2299: 2297: 2294: 2292: 2289: 2288: 2286: 2284: 2280: 2274: 2271: 2269: 2266: 2264: 2261: 2259: 2256: 2254: 2251: 2249: 2246: 2244: 2241: 2239: 2236: 2234: 2231: 2229: 2226: 2225: 2223: 2221: 2217: 2211: 2208: 2206: 2203: 2201: 2198: 2196: 2193: 2189: 2186: 2184: 2181: 2180: 2179: 2178:National Grid 2176: 2174: 2171: 2169: 2166: 2164: 2161: 2159: 2156: 2154: 2151: 2149: 2146: 2144: 2141: 2139: 2136: 2134: 2131: 2129: 2126: 2124: 2121: 2119: 2116: 2114: 2111: 2110: 2108: 2106: 2102: 2096: 2093: 2089: 2086: 2084: 2081: 2080: 2079: 2076: 2074: 2071: 2069: 2066: 2064: 2061: 2059: 2056: 2054: 2051: 2049: 2046: 2045: 2043: 2041: 2037: 2033: 2026: 2022: 2008: 2001: 1995: 1992: 1990: 1987: 1985: 1982: 1980: 1977: 1975: 1972: 1970: 1967: 1965: 1962: 1960: 1957: 1956: 1954: 1950: 1936: 1935:National Grid 1933: 1932: 1930: 1928: 1924: 1918: 1915: 1913: 1910: 1908: 1907:National Grid 1905: 1904: 1902: 1900: 1896: 1893: 1891: 1887: 1877: 1874: 1872: 1869: 1867: 1864: 1862: 1859: 1857: 1856:Firmus Energy 1854: 1852: 1849: 1848: 1846: 1842: 1836: 1833: 1831: 1828: 1826: 1823: 1821: 1818: 1816: 1813: 1811: 1808: 1807: 1805: 1803: 1799: 1796: 1794: 1790: 1780: 1777: 1775: 1772: 1770: 1767: 1765: 1762: 1760: 1757: 1755: 1752: 1750: 1747: 1745: 1742: 1740: 1737: 1735: 1732: 1730: 1729:Firmus Energy 1727: 1725: 1722: 1720: 1717: 1715: 1712: 1710: 1707: 1705: 1702: 1701: 1699: 1697: 1693: 1687: 1686: 1682: 1680: 1679:Vattenfall UK 1677: 1675: 1672: 1670: 1667: 1665: 1662: 1660: 1657: 1656: 1654: 1652: 1648: 1645: 1639: 1633: 1630: 1628: 1627:ScottishPower 1625: 1623: 1620: 1618: 1615: 1613: 1610: 1608: 1605: 1604: 1602: 1598: 1595: 1593: 1589: 1579: 1576: 1574: 1571: 1569: 1566: 1564: 1561: 1559: 1556: 1554: 1551: 1549: 1546: 1544: 1541: 1539: 1536: 1535: 1533: 1529: 1523: 1520: 1518: 1515: 1514: 1512: 1508: 1502: 1499: 1497: 1494: 1492: 1491: 1487: 1485: 1484: 1480: 1478: 1477: 1476:Pharos Energy 1473: 1471: 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1979:Hi-Gen Power 1890:Transmission 1793:Distribution 1764:Shell Energy 1714:Co-op Energy 1683: 1488: 1481: 1474: 1464:Ophir Energy 1462: 1455: 1448: 1441: 1432:Essar Energy 1419: 1412: 1395: 1383: 1326: 1319: 1312: 1305: 1298: 1291: 1214:. 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Retrieved 513:Utility Week 512: 459:January 2019 436:January 2018 416:January 2017 389: 386: 363: 355: 348: 341: 339: 332: 312: 296: 280: 265: 249: 233: 211: 210: 107:Headquarters 64:Predecessors 48:Company type 18: 2809:RenewableUK 2743:Bioregional 2609:initiatives 2479:Solar power 2283:Oil and gas 2105:Electricity 1899:Electricity 1802:Electricity 1744:Opus Energy 1734:Good Energy 1578:WesternGeco 1538:Abbot Group 1496:Star Energy 1375:Exploration 1067:21 December 970:24 November 942:22 November 916:30 November 864:26 November 841:www.msn.com 821:22 November 570:22 November 449:August 2018 426:August 2017 370:solar power 368:, 24% from 304:Bishopsgate 288:Yuri Milner 99:Hayden Wood 22:Bulb Energy 2990:Categories 2491:Wind power 2469:Wave farms 2428:Geothermal 2386:Renewables 2356:Oil fields 2268:Sellafield 2133:Economy 10 2058:Coal mines 1984:Mark Group 1851:Cadent Gas 1754:OVO Energy 1719:Ecotricity 1659:Drax Group 1651:Generation 1643:and supply 1641:Generation 1617:EDF Energy 1600:Integrated 1573:Weir Group 1501:Tullow Oil 1354:Integrated 1216:7 February 1122:7 February 1092:7 February 1041:29 October 996:1 December 890:1 December 772:7 February 491:References 482:1,700,000 469:March 2019 366:wind power 360:Operations 300:Shoreditch 284:DST Global 224:DST Global 136:Net income 96:Amit Gudka 82:April 2013 75:April 2013 51:Subsidiary 38:Trade name 2128:Economy 7 1964:APX Group 1724:ESB Group 1592:Utilities 1517:Greenergy 1328:Rio Tinto 1272:Companies 1148:30 August 666:Bulb blog 539:Bulb blog 472:1,130,000 408:(approx.) 406:Customers 278:startup. 2974:Category 2919:EcoHomes 2823:Research 2395:Biofuels 1704:100Green 1674:Renantis 1607:Centrica 1563:Petrofac 1403:Centrica 1344:Oil and 1321:Glencore 1116:Archived 991:City A.M 885:Sky News 815:BBC News 792:BBC News 598:11 March 380:and 90% 272:Barclays 179:(?–2022) 90:Founders 56:Industry 2220:Nuclear 2183:Control 2118:BritNed 2078:History 2007:italics 1994:Wavegen 1974:EnServe 1959:Aggreko 1612:E.ON UK 1553:Hunting 1531:Support 1470:Perenco 1427:EnQuest 1334:UK Coal 671:10 June 544:10 June 518:10 June 462:870,000 452:670,000 441:300,000 439:200,000 429:100,000 411:Source 319:Big Six 306:in the 254:History 196:Website 151:Members 121:Revenue 80: ( 72:Founded 2484:  2238:Magnox 1696:Supply 1622:Npower 1510:Supply 1035:GOV.UK 859:GOV.UK 710:i News 419:15,000 378:biogas 170:Parent 111:London 2845:Narec 2567:Cenex 2408:NNFCC 1952:Other 1568:Qserv 1548:Expro 1385:Afren 1366:Shell 392:Ofgem 351:Teneo 244:Ofgem 222:from 2040:Coal 1307:ENRC 1284:Coal 1218:2020 1150:2020 1124:2020 1112:Bulb 1094:2020 1069:2022 1043:2022 998:2021 972:2021 944:2021 918:2021 892:2021 866:2021 823:2021 774:2020 673:2021 600:2019 572:2021 546:2021 520:2021 403:Date 226:and 43:Bulb 2946:HTB 1927:Gas 1871:SGN 1844:Gas 1632:SSE 1391:BHP 1346:gas 1300:BHP 302:to 2992:: 1361:BP 1209:. 1191:. 1179:^ 1169:. 1158:^ 1141:. 1110:. 1085:. 1060:. 1033:. 1015:. 989:. 961:. 934:. 909:. 883:. 857:. 839:. 813:. 800:^ 790:. 764:. 746:. 727:. 708:. 689:. 664:. 645:. 627:. 608:^ 591:. 580:^ 562:. 537:. 511:. 499:^ 384:. 310:. 202:; 113:, 1251:e 1244:t 1237:v 1220:. 1195:. 1152:. 1126:. 1096:. 1071:. 1045:. 1019:. 1000:. 974:. 946:. 920:. 894:. 868:. 843:. 825:. 776:. 750:. 731:. 712:. 675:. 602:. 574:. 548:. 522:. 84:)

Index


Trade name
Net income
Parent
Octopus Energy
https://bulb.co.uk
https://bulb.com
Octopus Energy
venture capital
DST Global
Magnetar Capital
increasing natural gas prices
administration
Ofgem

parent company
Barclays
battery storage
DST Global
Yuri Milner
Magnetar Capital
Shoreditch
Bishopsgate
City of London
renewable energy
Big Six
SyndicateRoom
sharply increasing natural gas prices
Financial Times
Teneo

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