Octopus Energy Group today announces it has completed the acquisition of Shell Energy Retail in the UK and Germany from Impello Limited (“Shell”), a subsidiary of Shell Petroleum Company Limited.

The green energy provider will start the technical process of migrating 1.3 million home energy customers to its systems in the UK and Germany from the 1st of December. The migration is expected to be completed in mid 2024.

This will grow Octopus to 6.6 million household customers in the UK (over 11 million meter points). Its customer base in Germany will grow to almost 300,000. As part of the deal, Octopus has also acquired almost 500,000 Shell broadband customers.