Bulb Energy, which supplies 1.7m customers, collapses into administration

Regulator to rescue customers of Britain's fastest-growing energy company

Bulb Energy has gone bust and will be placed into an untested special administration' process to manage the fallout of the biggest energy supply collapse on record.

The energy regulator drew up plans over the weekend to put the company into a special administration process designed to protect Bulb's 1.7 million household customers and ensure continuity of supply, according to industry sources.