Shell’s UK power retailer to grow by 25% after rival’s default
Reuters
Shell’s UK power retailer to grow by 25% after rival’s default
Sept 27, 2021
LONDON — Royal Dutch Shell’s British power retail business will grow by over a quarter after it took on 255,000 customers from a rival supplier that defaulted following the recent surge in natural gas prices.
Shell Energy will take on the customers from Green Supplier Limited, the British regulator OFGEM and Shell Energy said in separate statements.
Shell Energy, which currently has around 900,000 customers across Britain, said Green’s customers will move to Shell Energy with their credit balances protected and supply uninterrupted.Shell aims to grow its power customer base across the world as part of its strategy to shift away from oil and gas and slash greenhouse gas emissions in the coming decades.
(Reporting by Ron Bousso, editing by Louise Heavens)
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