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The only easy decision for Bulb’s future: stop paying its CEO

Failed energy firm poses political puzzle for business secretary with wholesale markets still in turmoil

Five months after special administrators were appointed at Bulb in an act of quasi-nationalisation, the government is discovering a few truths that should have been obvious on day one.

There isn’t a long queue of would-be buyers willing to pay good money for a failed energy supplier with 1.7 million customers when wholesale markets are still in turmoil. Taxpayers’ financial exposure is only increasing with every passing month.

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from The Guardian https://ift.tt/XmlbQoj
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