Curbs on hedging threaten to short-circuit Bulb sale
Insolvent energy supplier is barred from holding long-dated forwards – which could deter potential buyers
UK energy supplier Bulb Energy is facing an extended period in special administration as its short-term hedging strategy could be obstructing its sale.
Since falling into special administration under the UK Treasury, the supplier has been restricted by a government hedging policy which prohibits it from buying gas and electricity more than two or three weeks in advance.
Some believe this could make the company unattractive to potential buyers, who would likely have to strike new longer-dated
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