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The Guardian - UK

Business

Jillian Ambrose

Ovo reportedly planning bid for Shell’s 1.4m household energy customers

Shell Ovo United Kingdom Octopus Bulb Octopus Energy

Shell Centre, London — Shell’s decision to review its business underlines the difficulties in the UK’s energy market. Photograph: Agencja Fotograficzna Caro/Alamy

Ovo Energy is reportedly planning to make a bid to buy 1.4 million household energy customers from Shell’s UK supply business as the oil company prepares to leave the retail market.

Ovo is expected to put forward a takeover offer that would swell its business to 5.4 million customers, according to Sky News, once again making it the second-largest energy supplier in the UK market.

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