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- Bulb Energy Ltd., trading as Bulb, is an energy supply company in the United Kingdom. Founded in 2013, the company attracted venture capital from DST Global and Magnetar Capital, 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. In September 2021, the company sought a bailout due to financial problems caused by increasing natural gas prices. It was placed into Energy Supply Company Administration (a special administration regime) by industry regulator Ofgem 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 and so it became the first energy company in the UK to enter special administration. In October 2022, Octopus Energy Group announced that they planned to acquire Bulb's 1.5 million customers and 650 staff. (en)
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- In Special Administration (en)
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- 1000 (xsd:nonNegativeInteger)
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- 14472 (xsd:nonNegativeInteger)
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| dbp:fate
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- In Special Administration (en)
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- April 2013, United Kingdom (en)
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| dbp:founders
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- Amit Gudka, Hayden Wood (en)
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- Bulb Energy company logo.png (en)
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- Regent Power Ltd., Hanbury Energy Ltd. (en)
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- Bulb Energy Ltd., trading as Bulb, is an energy supply company in the United Kingdom. Founded in 2013, the company attracted venture capital from DST Global and Magnetar Capital, 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. In October 2022, Octopus Energy Group announced that they planned to acquire Bulb's 1.5 million customers and 650 staff. (en)
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