BRISTOL Energy has announced to its customers “that the company will cease trading with immediate effect” after owner Together Energy went bust.

Bristol Energy, back in 2020, was bought by Together Energy which is now out of business with 176,000 households affected by the collapse.

The company also served residents in Somerset and the South West.

Both companies were part-owned by Warrington borough council, The Guardian reported.

A statement on both companies’ websites read: “A message to all our customers, we regret to inform you that the company will cease trading with immediate effect.

“Bristol Energy is a trading name of Together Energy Retail Limited. We want to thank you sincerely for your custom.

“Despite press reports, we did buy enough gas and electricity for your needs, but the sustained increase in wholesale prices and the securities required to continue to forward purchase the energy, have meant that it is untenable for us to continue.”

The company also said that Ofgem “will choose the best supplier” for its customers.

Ofgem will also “protect your supply and you will not be cut off at any time and “any credit balance you have will also be transferred to your new supplier”.

A decision on the new supplier is expected to be made by Monday, January 24.