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Octopus Energy completes purchase of Shell Energy Retail
Octopus Energy has announced it has completed the acquisition of Shell Energy Retail, purchasing its operations in the UK and Germany.
Senior Journalist, covering the Credit Strategy and Turnaround, Restructuring & Insolvency News brands.
Senior Journalist, covering the Credit Strategy and Turnaround, Restructuring & Insolvency News brands.
This will grow Octopus to 6.6 million household customers in the UK, whilst its customer base will increase to almost 300,000 in Germany. The deal has also seen the firm acquire almost 500,000 Shell broadband customers.
Commenting on the news, Octopus Energy Group’s founder Greg Jackson said: “We are pleased to be the new home for Shell Energy Retail customers in the UK and Germany.
“Now even more customers can receive our five star customer service and choose from a whole heap of cheap, green tariffs, benefitting both their pockets and the energy system. Our commitment to customers is paramount, and we will deliver the Octopus promise when we welcome these new customers too.”
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