LONDON, Jan 26 (Reuters) – Shell (SHEL.L) has launched a strategic evaluation of its house power retail companies in Britain, the Netherlands and Germany within the wake of “robust market situations”, it mentioned on Thursday.
European power suppliers have struggled over the previous 12 months with hovering wholesale costs and efforts by governments to protect customers from rising payments.
No resolution has been taken but on the way forward for the companies, Shell mentioned.
Shell injected nearly $1.5 billion in money and credit score into its British power retail enterprise in 2022 to assist it climate large volatility in energy costs that brought on the collapse of a number of rival UK utilities.
Shell mentioned its wholesale and business-to-business (B2B) power provide companies usually are not a part of the strategic evaluation, and neither are its house power provide companies in the US and Australia.
Reporting by Ron Bousso; Modifying by Kirsten Donovan
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