Rebel Energy goes bust leaving 90,000 customers without supplier

UK energy firm ceases trading and leaves Ofgem to find new supplier

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

Rebel Energy, which serves around 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.