We use cookies and other data for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.
Add this topic to your myFT Digest for news straight to your inbox
Transfer to Octopus cost billions in taxpayer support
Government support included in sale of failed provider to Octopus threatens to distort energy market, court hears
Fall in gas prices expected to cut cost of failed energy company’s rescue by up to £840mn
The crisis in retail energy casts the authorities in a poor light
UK government says money is to aid wholesale purchase of electricity and gas for failed group’s 1.5mn customers
British Gas owner says contentious deal may lead to test of Northern Ireland protocol
Emails showing Centrica was told that UK state support for bid was on offer cloud dispute over fairness of process
Or has everyone learnt the lessons of 14 years ago?
Rescue of failed energy supplier has ballooned, with taxpayers on hook for potentially hundreds of pounds per household
Court filing warns on Octopus’s finances and suitability to take on 1.5mn customers
The failed energy supplier’s bailout is still shrouded in secrecy and there must be a rethink about who bears risk
Barring nationalised supplier from hedging energy purchases forecast to cost bill payers £200 a household
New documents show failed energy supplier will be costliest state rescue since RBS
Judge adjourns hearing after British Gas, Eon and ScottishPower complain about transparency
High court seeks review of costs for running collapsed utility, which taxpayer will ultimately foot
Deal brings end to year-long nationalisation which cost taxpayer £4bn
UK supplier moves after close of sales process and with Octopus the only remaining bidder
Nationalised group’s mounting woes risk saddling UK households with extra £150 on bills
Rival Octopus lodges sole entry to government sale of collapsed group that is leaching taxpayer cash
Hayden Wood had stayed on with a £250,000 salary after company was propped up with taxpayer bailout
Withdrawal by British Gas owner leaves just two potential bidders for failed energy group
Centrica and Abu Dhabi’s Masdar also in three-way race ahead of deadline at end of month
Last suppliers standing will have to pay penance for the sins of those that behaved less responsibly
Payments using taxpayer funds were made to retain employees as ministers seek buyer for business
Office for Budget Responsibility estimates support will now total £2.2bn
International Edition