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Curbs on hedging threaten to short-circuit Bulb sale

Insolvent energy supplier is barred from holding long-dated forwards – which could deter potential buyers

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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

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