Tyneside energy supplier Future Energy ceases trading Published duration 25 January 2018

Tyneside-based energy supplier Future Energy has ceased trading, the industry regulator has confirmed.

The Newcastle company, which was set up in 2014, had about 10,000 domestic customers - mainly in north-east England - and employed 50 staff.

Ofgem said it had stepped in to secure supplies and would appoint another company to take on existing customers as soon as possible.

No-one from Future Energy was available for comment.

A spokesman for Ofgem said: "Customers of Future Energy will have their energy supply continue as normal, and their outstanding credit balances will be protected.

"If you are a customer of Future Energy there is no need to worry."

He said the new supplier would contact customers once it had been chosen.