Energy suppliers lose court case over government handling of Bulb sale

But in Friday's ruling, Lord Justice Singh and Mr Justice Foxton dismissed the energy companies' case as"not... reasonably arguable".

They also said it was open to ministers to find that"other options were inferior to proceeding with the Octopus bid, involving significant execution risks and higher forecast costs".A spokesperson for British Gas owner Centrica said state bailouts for energy companies put a"burden" on UK taxpayers and are"avoidable".

"We believe that the way the deal was structured creates serious risk for taxpayers and energy consumers and will distort the energy market."Michael Lewis, chief executive of Eon UK, said they would look more closely at the ruling and consider their next steps.

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Energy firms lose High Court bid over 'unfair' Octopus Energy's Bulb takeoverBREAKING: British Gas, Scottish Power and Eon have lost a High Court challenge against the Government over its handling of the collapsed green supplier Bulb. Could you please send us a private message and confirm your full name, date of birth, full address (inc. post code) and account number? Thanks
Source: MetroUK - 🏆 13. / 82 Read more »