- 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
Transfer to Octopus cost billions in taxpayer support
Jane Croft
