On the basis of a report by the Comptroller and Auditor General, we took evidence from the Department for Energy Security and Net Zero (the Department) and HM Treasury on Bulb Energy.1 We also took evidence from Octopus Energy Group Limited (Octopus), Ofgem and one of the three appointed special administrators from Teneo Financial Advisory Limited (special administrators also referred to as Teneo throughout this report). Transfer of Bulb into SAR and eventual sale to Octopus

On the basis of a report by the Comptroller and Auditor General, we took evidence from the Department for Energy Security and Net Zero (the Department) and HM Treasury on Bulb Energy.1 We also took evidence from Octopus Energy Group Limited (Octopus), Ofgem and one of the three appointed special administrators from Teneo Financial Advisory Limited (special administrators also referred to as Teneo throughout this report). Transfer of Bulb into SAR and eventual sale to Octopus Type: conclusion | Number: 1 | Response status: accepted Government response: The government agrees with the Committee’s recommendation. Recommendation implemented Energy prices have fallen significantly throughout 2023. In the near term, the Energy Price Guarantee (EPG) is still in place should prices exceed £3,000 and will remain so until the end of March 2024. Additional c