Rebel Energy goes bust leaving 90,000 customers without supplier

Ofgem has urged Rebel Energy’s customers to take meter readings and wait to hear from their new supplier, which will be appointed within days. Photograph: Nigel Roddis/Reuters

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.