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Octopus Energy in talks to take over Shell's household energy business

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OCTOPUS Energy is in talks to get its tentacles on Shell’s household energy business months after taking on 1.5million Bulb customers. Oil giant Shell said earlier this year it was considering pull…

But the fall in prices since the deal means the Treasury got back £1.2billion, rather than a possible £4billion loss.

While Shell has made bumper profits on the back of higher energy prices, its household arm has been loss-making and no longer considered a priority by new boss Wael Sawan.It currently supplies 1.4million

 

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