It was unclear this weekend whether the small supplier was in any talks about alternative means of continuing to fund itself that could preserve its future.
News of the latest prospective casualty comes amid warnings to ministers from industrial users of energy that they face a mounting crisis during the winter months. Ovo, which joined the ranks of the market's biggest players when it completed the takeover of SSE's retail customer base nearly two years ago, lodged a bid for Bulb with the backing of Mitsubishi, its biggest shareholder.
Once the smaller suppliers that people switch to have been shaken out of the market...and only the big players are left...prices will miraculously stabilise... For a while, at least.
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