Source · Select Committees · Business, Innovation, Science and Trade Committee
Recommendation 21
21
Paragraph: 94
The Special Administration Regime has been used for the first time to deal with the...
Conclusion
The Special Administration Regime has been used for the first time to deal with the failure of Bulb Energy, leaving taxpayers exposed to billions of pounds worth of costs. The decision not to implement a hedging strategy may have led to the sale of Bulb being less desirable and significantly increased costs to taxpayers.
Paragraph Reference:
94
Government Response
A response document is linked to this report, dated 13 October 2022. Response attribution to this conclusion has not been verified. Read the response document ↗