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An energy firm with 15,300 customers has gone bust - leaving thousands in limbo. Tomato Energy, which serves 15,300 households and 8,400 businesses, has announced that it is formally ceasing to trade.

Ofgem said Tomato Energy was not keeping enough cash in reserve and warned its financial troubles could lead to higher bills for existing customers.

Rohan Churm, director for financial resilience and control, said: “I want to reassure Tomato Energy customers that they do not need to worry. They will not see any disruption to their energy supply, and any credit domestic customers have on their accounts remains protected under Ofgem’s rules.

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“We are working quickly to appoint a new suppli

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