U.K. regulator Ofgem said that Rutherford Energy Supply Limited (trading as Uttily Energy), a retail energy supplier with around 280 business customers, has ceased to trade.

Ofgem will choose a new supplier to take on all of Rutherford Energy’s customers.

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 plc brand, Ofgem said

"Most Uttily plc customers will continue to be supplied by the relevant partner supplier, therefore, Ofgem 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," Ofgem said

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