UK energy firm ceases trading, blaming ‘perfect storm’ of soaring wholesale prices and squeezed customers

A UK energy supplier with about 90,000 customers has gone bust, blaming a “perfect storm” of soaring wholesale prices and squeezed customers, on the day households face another increase in gas and electricity bills.

Rebel Energy, which serves about 80,000 households and 10,000 business customers, will cease trading immediately and leave the industry regulator to find a new supplier for its customers.

Continue reading…Energy industry, Ofgem, Business, Energy bills, Household bills, UK news, Consumer affairs, MoneyRead More

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