Uswitch comments on Octopus Energy buying Bulb
Richard Neudegg, director of regulation at Uswitch.com, comments: “Bulb’s customers have been in limbo for almost a year, without any clarity on what would be next after the supplier entered Special Administration.
“Today’s announcement draws a line under that uncertainty, and confirms that Bulb will be acquired by Octopus Energy.
“The most important thing for Bulb customers to know is that their energy supply will continue as normal, and any credit balances will be protected.
“The best advice for customers in this situation is to wait to hear from Bulb about what happens next. Your bills will still be covered by the Government’s Energy Price Guarantee until next April.
“Customers shouldn’t expect any immediate changes to systems or contacts for a few months, but it’s likely customers will move over to Octopus’s systems in due course.
“You will also continue to receive the £400 energy support, which is spread over six months from October to March.”
About Uswitch
Uswitch is one of the UK’s top comparison websites for home services switching, including broadband, mobiles, SIM Only and insurance. We’ve saved consumers over £2.5 billion off their bills since we launched in September 2000.
In 2022, Uswitch launched its free mobile app, Utrack, to help consumers manage their home energy costs. By connecting to their smart meter, users can track their energy usage hourly, get dynamic insights and calculate potential savings with handy tips.
Uswitch is part of RVU, a global group of online brands with a mission to empower consumers to make more confident home services, insurance and financial decisions.