Shell Energy Takes 255,000 Customers of Collapsed UK Retailer
September 27 2021 - 7:30AM
Dow Jones News
By Jaime Llinares Taboada
The energy supply arm of Royal Dutch Shell PLC will be
transferred 255,000 domestic customers from Green Supplier Ltd.,
one of the U.K. retailers that went out of business in recent weeks
due to rising gas and power prices.
Ofgem, the country's energy regulator, said Monday that it has
appointed Shell Energy to take on supplying Green's customer base,
which also includes a small number of non-domestic clients.
On Sunday, Octopus Energy was appointed to supply 580,000
households from Avro Energy, another collapsed retailer.
So far this month, 1.5 million U.K. customers have seen their
suppliers go out of business. A global shortage of natural gas has
increased power prices in Europe, and ill-prepared companies can't
cover the cost of buying the electricity they need to supply their
customers.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
September 27, 2021 08:15 ET (12:15 GMT)
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