Ofgem said that Gnergy Ltd, a gas and electricity supplier with around 9,000 domestic customers and a small number of non-domestic customers, is ceasing to trade.

Under Ofgem’s safety net, the energy supply of Gnergy’s customers will continue and outstanding credit balances of domestic customers will be protected.

Ofgem will choose a new supplier to take on all of Gnergy’s customers. This supplier will contact these customers shortly after being appointed.

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U.K.   M&A  

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