Octopus to repay £3bn to taxpayers for Bulb rescue

Octopus Energy will pay nearly £3bn to the government as part of a pledge to return the taxpayers' funds it received for rescuing Bulb, its collapsed competitor.It means the Treasury will recoup almost all the cost of temporarily nationalising Bulb back in 2021.Past forecasts had suggested that it could have been the government's biggest bailout since the financial crisis. However, lower wholesale energy costs…