- Energy supplier Tomato Energy has ceased trading, affecting 15,300 household and 8,400 business customers.
- Ofgem, the energy regulator, has intervened to ensure a continuous supply for all affected customers through its “supplier of last resort” safety net.
- Customers are advised not to switch providers but to await contact from their new allocated supplier and take a meter reading.
- Household customers' credit balances are protected, and they will continue to benefit from the energy price cap with their new supplier.
- Tomato Energy had previously been banned from taking new customers due to £3 million in debts and faced a proposed £1.5 million fine for failing financial resilience rules.
IN FULL