‘Bewildering’: Government won’t stop Bulb collapse adding to energy bills, MPs warn

Costs will ‘ultimately be passed down to bill payers’, says cross-party committee

Liz Truss’s government is failing to prevent the cost of energy supplier Bulb’s demise from being passed on to bill payers, a cross-party group of MPs has warned.

Independent experts have warned that households could pay more than £150 extra on their energy bills, with the cost of bailing out Bulb set to top £4bn by next year.

MPs on the Business, Energy and Industrial Strategy (BEIS) select committee wanted the government to make sure the collapse of the firm – which went bust in November 2021 – was paid for through general taxation.