Octopus Energy has asked the government for a £1bn taxpayer funding package to seal a takeover of Bulb, its stricken rival.
Sky News has learnt that privately owned Octopus is nearing a deal with ministers to acquire its smaller competitor, which collapsed late last year.
City sources said this weekend that a deal would involve Octopus paying between £100m and £200m to take on Bulb’s 1.6m-strong customer base.
It would also…
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