Britain's retail energy sector will see more failures from suppliers due to a sharp rise in wholesale energy prices, rating agency Moody's said on Wednesday.

The sector faces pressures on profitability and an increased risk of credit negative political intervention, the agency added.

(Reporting by Aishwarya Nair in Bengaluru; Editing by Ramakrishnan M.) ((Aishwarya.Nair@thomsonreuters.com; +91-8067494421;))