- Three energy suppliers lost legal challenge against UK government over the sale of Bulb to Octopus with billions in taxpayer support.
- Bulb transfer originally estimated to cost £4.5bn, revised down to £3bn due to lower energy prices.
- High Court dismissed lawsuit and ruled in favour of the UK government, saying the sale process was open and competitive.
- Centrica called the ruling disappointing and Eon UK said it remains concerned about the amount of taxpayers’ money used to subsidise the deal.
- ScottishPower is not seeking to appeal the ruling.
Energy suppliers lose legal challenge against UK government over Bulb sale
Three energy suppliers lost their legal challenge against the UK government over the sale of Bulb to Octopus, which cost billions in taxpayer support.