Overview
- Tomato Energy confirmed it has ceased trading, prompting regulatory action to maintain uninterrupted gas and electricity supply.
- About 15,300 households and 8,400 businesses are being moved onto deemed contracts until a new provider is appointed.
- Ofgem advised customers not to switch during the transition and said domestic credit balances will be honored under its rules.
- The Basingstoke-based supplier had been barred from taking new customers since April after debts rose above £3 million and later faced a proposed £1.5 million penalty for liquidity failures.
- The company filed a notice of intention to appoint administrators at the end of October, and no rescue deal emerged before the shutdown.