Wells Fargo announces green power deal with Shell Energy and its subsidiary

The American financial services company will now procure around 150 GWh of clean energy annually

Shell Energy Retail works towards net zero UK homes with two carbon-neutral tariffs

The new tariffs offset CO2 emissions created during customer’s gas and renewable electricity use

Ofgem minded to allow Shell Energy to claim £354k

The amount is for the costs incurred in acting as a Supplier of Last Resort

Shell Energy Retail to refund and compensate 12,000 customers

The energy supplier will have to make a total payment of £390,000 after charging customers above the price cap

First Utility rebranded as Shell Energy and offers 100% green power

It comes a year after Shell bought First Utility, one of the largest challenger energy suppliers in Britain