Lisa Barber, Which? Home Products and Services Editor, said:
“This move should provide reassurance to any of Bulb’s 1.7 million customers who may have been concerned about the collapse of their provider.
“We recommend Bulb customers to do nothing and wait for more information about the special administration process. Its customers will continue to see their bills limited by the price cap, which is likely to be the best deal for them at the moment. If you have already arranged to switch to or from Bulb, this will continue as planned.
“There are few savings to be made by switching and some suppliers are not taking on new customers due to high wholesale gas prices. However, customers can research potential suppliers using sites like Which? Switch that show tariffs across the whole of the market, so they are prepared when competitive deals start to reappear.”