LONDON, Sept 27 (Reuters) - 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.
A number of British suppliers https://www.reuters.com/business/energy/gas-price-spike-push-more-uk-suppliers-out-business-officials-say-2021-09-22
have gone out of business in recent weeks after a sharp rise in
natural gas and electricity prices as economies reopened from
COVID-19 lockdowns.
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.
The company is "well-capitalised supplier with long term
ambitions to help British households get to net-zero emissions,"
Shell Energy Retail CEO Ed Kamm said in a statement.
Shell aims to grow it 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)
