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Written question asked by Lord Whitehead (Labour) on Tuesday, 8 November 2022, in the House of Commons. It was due for an answer on Monday, 14 November 2022 (named day). It was answered by Graham Stuart (Conservative) on Monday, 14 November 2022 on behalf of the Department for Business, Energy and Industrial Strategy.


Bulb Energy: Octopus Energy

Question

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether Octopus Energy is required to repay the costs of the energy that the Government will buy for Bulb customers in winter 2022.

Answer

The Government will provide financial support to the new entity for the procurement of energy for Bulb customers over the course of Winter 2022. This financial support will be repaid by the new entity in accordance with an agreed repayment schedule.


Secondary information

Type
Written question
Reference
82138
Session
2022-23
Subjects
Takeovers Octopus Energy Bulb Energy Energy bills rebate
Link
View this Written question on www.parliament.uk