Shell Energy Customer Base Grows as U.K. Power Suppliers Go Bust
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Royal Dutch Shell Plc’s power retail business in the U.K. will take on another quarter of a million customers after three smaller suppliers went out of business.
Soaring wholesale energy prices have caused 13 U.K. electricity providers to collapse in the past two months, with the government saying more are likely to follow. In less than a month, the customer base of Shell Energy Retail Ltd. -- which says it’s “here to stay” -- has grown by almost 60%.