Shell has entered the UK’s domestic energy market with the purchase of independent supplier First Utility.
The energy giant says the move will allow more innovative services for customers to be developed and allow the company to expand its business into the steadily growing residential sector.
Mark Gainsborough, Shell’s Executive Vice President of New Energies, said: “The supply and demand of residential energy is rapidly changing, driven by new technologies that enable householders to better manage their energy use and the need for a low carbon energy system.
“This combination will enable Shell to enter a new part of the energy market in the UK and to improve choice for customers by delivering innovative services at competitive prices.”
The deal is subject to regulatory and other approvals and is expected to complete in early 2018.