Bulb sale ‘a fair deal for taxpayers,’ says boss of new owner, Octopus

Greg Jackson says he hopes to return profit to taxpayers after buying rival energy group following its government bailout

The founder of Octopus Energy has said taxpayers need to benefit from the upside" of emergency government bailout deals, after snapping up stricken former rival Bulb.

Greg Jackson's Octopus bought Bulb out of government-handled special administration last weekend and is set to take control of the company later this month, a year after it collapsed.