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About Shell Energy
Shell Energy is the new name of the energy supplier formerly known as First Utility. The rebranding of First Utility came in early 2019 following Shell's acquisition of the supplier in 2018.
Shell Energy is one of the largest independent energy suppliers in the UK outside of the big six, with approximately 850,000 customers throughout the country being supplied with 100% renewable electricity (available as standard on all tariffs), gas and broadband.
Shell Energy and Pure Planet, Goto Energy and Colorado Energy
In October 2021, Shell Energy took on the customers of three suppliers who had ceased to trade: Pure Planet, Goto Energy and Colorado Energy. This amounted approximately 272,000 customers.
Shell Energy and Green
In September 2021, customers from Green were transferred to Shell Energy after the supplier went bust. This totalled around 255,000 accounts.
Shell Energy and Green Star Energy
In October 2019, Shell Energy acquired Green Star Energy. Green Star Energy's 200,000 customer accounts are now managed by Shell Energy.
How Shell energy prices have changed
Like most energy suppliers in the UK, Shell Energy is subject to Ofgem's price cap, which sets the maximum price of standard variable tariffs.
In February 2021, Ofgem announced it would be increasing the price cap rate by 12% to £1,277 from October 2021. In reaction to this, Shell Energy prices were increased by the same amount for standard variable tariff customers. This translates to an average £139 price rise for these customers.
This followed a similar price increase in April 2021 when Ofgem announced a price cap increase of 9%, which meant customers would pay an average of £96 more per year after the change.
Shell Energy has previously tracked the price cap rate with price drops in October 2020, April 2020 and October 2019. The supplier also raised prices on its standard variable tariff in line with a rise in the price cap in April 2019.
Compare energy prices here
It's a good idea to compare energy regularly to see what the latest prices mean for you, even though there are fewer deals available. Enter your postcode to get started.
Is Shell Energy going bust?
The energy market is challenging and unpredictable at the moment and there is a certain level of risk to some suppliers - find out why in our energy market Q&A guide.