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Business energy supplier Rutherford Energy Supply, trading as Uttily Energy, has become the seventh supplier of 2019 to cease trading.
Rutherford, which has around 280 business customers, is listed as having overdue accounts on the Companies House website.
Energy regulator Ofgem has also announced that the parent company, Uttily Plc, will also cease to trade.
Uttily plc does not directly supply energy to customers, but it has commercial arrangements in place with a number of partner suppliers where around 360 customers are supplied under the Uttily brand.
Most Uttily customers will continue to be supplied by the relevant partner supplier, therefore, Ofgem has said it will not appoint a new supplier for these customers.
Where the partner supplier for a customer is Rutherford Energy, Ofgem will appoint these customers a new supplier.
Rutherford joins Economy Energy, Our Power, Brilliant Energy, Cardiff Energy Supply, Solarplicity and Eversmart Energy, all of which have exited he market this year.
Philippa Pickford, Ofgem’s director for future retail markets, said: “Rutherford Energy’s customers do not need to worry, as under our safety net we’ll make sure your energy supplies are secure.
“Ofgem will now choose a new supplier for you and while we’re doing this our advice is to ‘sit tight’ and don’t switch. You can rely on your energy supply as normal.
“We will update you when we have chosen a new supplier, who will then get in touch about your new tariff.”
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