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Energy giant Shell sets its sights on the UK’s commercial power market

31/08/2017
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Earlier this month Shell confirmed that it is to begin supplying customers through the UK from its Shell Energy Europe arm, after securing a licence from industry regulator Ofgem.

UK wind and solar farms are likely to provide the majority of this power.

Shell’s gas marketing and trading business merged in 2009 forming Shell Energy Europe and has been an active presence in the power trading and whole sale market for many years.

The general manager of North West Europe at Shell Energy Europe, Jonathan McAloy, has said it is planning to begin supplying power to large industrial complexes from 2018. “The decision to offer power supply directly to end users in Great Britain’s industrial and commercial sector reinforces our strategy to boost our position in Europe’s electricity market,” McCloy said.

Shell’s competitors are also looking at a cleaner energy future. BP are a major shareholder in Pure Planet, a ‘digital’ clean energy utility founded earlier this year.

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Tags: Oil & Gas
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Energy giant Shell sets its sights on the UK’s commercial power market - Time to read 1 min
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