Bulb’s Energy Adventure: All the Same, Just a Different Captain
Big news in the world of watts: Bulb, the energy company that promised sparkling service, has handed itself over to the bank‑friendly Special Administration Regime (SAR). The good news? Your lights stay on and your bill stays exactly what it was yesterday.
What’s a SAR, Anyway?
Picture a guardian angel for your gas and electric supply—a legal safety net that steps in when a company hits a rough patch. It keeps the power flowing, protects your credit balance, and hands you the keys to choose a new supplier if you want (but you don’t have to).
Key Takeaways for Your Energy
- No sudden price jump while the administrators run the show.
- Customers keep their current credit balances—no need to fiddle with your pre‑payment meter.
- Bulb will continue trading under the same licence and keep delivering electricity.
- If the administrators can’t find a new owner, they’ll smoothly switch you to another supplier.
- All of this happens under government’s watchful eye, working hand‑in‑hand with Ofgem to keep the lights bright.
Why Everyone Should Be Okay
Our government folks, including Energy Minister Greg Hands, are on it. They’ve declared the top priority “protect consumers.” That means: no huge surprise on your bill, no service gap, and a safety plan for anyone who might otherwise have to chase a new provider.
Why the Economy Matters To You
The recent spike in wholesale energy costs is thanks to global demand recapturing life after the pandemic slump and the wild swings in gas prices. But the SAR is here to keep your home warm while we push for more local, clean power.
Future Safeguards
In addition to the SAR, the Energy Price Cap stays on track for the winter, ensuring that millions of households pay a fair price. The government is also rolling out extra support for those who need it most—Warm Home Discounts, Winter Fuel Payments, Cold Weather Payments, and the new Household Support Fund.
Bottom line: Bulb’s fine, your powers stay on, and the government’s got your back. If you’re still feeling a bit uneasy (after all, we’re all living in a wobbly world), feel free to talk to a rival supplier—just know you’re safe.
