Shell’s customers are advised to “sit tight for now” as the deal is not expected to be completed until later this year.
It is the latest expansion for Octopus which bought Bulb after its collapse.
It is the latest expansion for Octopus which bought Bulb after its collapse.
With Shell, its total customer base will grow to nearly 6.5 million customers.
Shell and Octopus both refused to disclose how much the business is being sold for.
Octopus said: “There will be a smooth transition and no disruption to customer energy supply, all Shell energy and broadband customers will be contacted about the next steps following regulatory approval.
“Customer credit balances are protected, and will automatically get transferred to their new account with Octopus together with their existing direct debits.”
Shell said the sale is part of plan announced earlier this year to exit its household energy businesses in the UK, Germany and the Netherlands.
It is the latest expansion for Octopus which bought Bulb after its collapse.
Shell’s customers are advised to “sit tight for now” as the deal is not expected to be completed until later this year.
With Shell, its total customer base will grow to nearly 6.5 million customers.
It is the latest expansion for Octopus which bought Bulb after its collapse.
It is the latest expansion for Octopus which bought Bulb after its collapse.
With Shell, its total customer base will grow to nearly 6.5 million customers.
Shell and Octopus both refused to disclose how much the business is being sold for.
Octopus said: “There will be a smooth transition and no disruption to customer energy supply, all Shell energy and broadband customers will be contacted about the next steps following regulatory approval.
“Customer credit balances are protected, and will automatically get transferred to their new account with Octopus together with their existing direct debits.”
Shell said the sale is part of plan announced earlier this year to exit its household energy businesses in the UK, Germany and the Netherlands.
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