Britain nationalises energy supplier for 1.7m households

The government and energy regulator Ofgem will ensure uninterrupted supplies to Bulb’s 1.7m customers by appointing a special administrator.

The British government will temporarily run gas and electricity supplier Bulb as the energy crunch deepens, the first forced nationalisation of a British company since the 2008 banking crisis.

The government and energy regulator Ofgem will ensure uninterrupted supplies to Bulb’s 1.7m customers by appointing a special administrator. Costs for running the seventh-largest retailer will be supported by Britain's Treasury.