Shining a Light on 'Bulb Energy'

The spike in gas costs, along with the current embargo on passing the costs on to consumers, has proved fatal for a number of small UK energy suppliers. Many of these small companies had been attracting business, by stressing their 'green' credentials. The latest to go bankrupt is 'Bulb'. Bulb's boss served on the Council for Sustainable Business. He was there to advise government officials, ahead of the Cop26 meeting in Glasgow. It now appears that he exaggerated Bulb's environmental credentials whilst downplaying the investments of his rivals. Classic 'greenwashing' (https://www.theguardian.com/business/2021/nov/27/bulb-chief-used-government-advisory-role-to-brief-against-rivals). Bulb only acquired a slight green tinge, by buying carbon credits. The rivals, like ScottishPower, in contrast, had spent considerable amounts of money on things like windturbines. Renewable energy provision makes an actual difference to climate change. Rather than being allowed to go to the wall (like the earlier bankrupt suppliers), Bulb has been taken into 'special administration' by the UK government. The company will be supported, at great expense, by the UK taxpayer, before being re-privatised. Bulb's boss even retains his impressive salary and stays in place. Yet another example of the 'chumocracy' (special treament for friends)?