Energy supplier ceases trading

An energy supplier with around 10,000 non -domestic customers has ceased trading.

Customers of Rebel Energy Supply, which also supplies around 80,000 domestic properties, will be contacted by a new supplier when they are allocated by Ofgem.

Tim Jarvis, director general for markets at Ofgem, said: “We have worked hard to improve the financial resilience of suppliers in recent years, implementing a series of rules to make sure they can weather unexpected shocks.

“But like any competitive market, some companies will still fail from time to time, and our priority is making sure consumers are protected if that happens.”

Founder Dan Bates blamed a “perfect storm of rising wholesale costs” together with the pressure of the cost of living crisis on customers.