Why was Bulb ’ s collapse such a big deal ? It ’ s the biggest UK company to enter administration during the energy crisis so far , leaving taxpayers with a bill of £ 1.7 billion . What was the reaction ? Such was its scale – Bulb had 1.7 million customers and was the seventh largest energy provider – that it entered a ‘ special administration ’ underwritten by the Treasury . What happens now ? Customers will continue to receive their electricity supplies , with £ 1.7bn set aside to support the work of Teneo , the company which is handling the administration , and it will likely consider a restructuring deal , sale or transfer . Why is the UK vulnerable ? The ‘ global gas grab ’ is a problem since half of the UK ’ s electricity is generated in gas-fired plants . Plus problems in wholesale energy markets came on top of one of its least windy summers . How many firms have been affected ? There have now been 25 firms that have stopped trading and another 11 are struggling to survive . Households are bracing for a sharp rise in bills in 2022 .

� VENTURE GLOBAL LNG AND PGNIG Venture Global LNG and PGNiG ( Polish Oil and Gas Company ) have finalised an agreement under which PGNiG will purchase an additional two million tonnes per annum ( MTPA ) of LNG from Venture Global for 20 years .

� SSE SSE has unveiled an ambitious £ 12.5 billion net capital investment plan to accelerate progress towards net zero .

� UK ENERGY CRISIS Entice Energy , Orbit Energy and Bulb are among the latest companies to go out of business as the UK ’ s energy crisis intensifies .

� AITEO EASTERN E & P An oil spill in Nigeria ' s Delta region has been spewing for more than two weeks with oil firm Aiteo Eastern E & P reporting the spill on November 5 , according to Reuters .

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