Vattenfall has expanded its business operations in the UK by acquiring gas and electricity retailer iSupplyEnergy.
iSupplyEnergy has 120 000 customers in the UK’s energy retail sector and Vattenfall hopes to expand this position and challenge the dominance of the UK’s “Big Six” energy suppliers.
“Vattenfall is in Britain to grow and the acquisition of iSupplyEnergy is in line with our strategy to grow our customer base in Northern Europe,” said Magnus Hall, President and CEO of Vattenfall. “Together with iSupplyEnergy, we will be able to supply a wide range of energy solutions and services to private customers.”
In May 2017, Vattenfall announced plans to make its first foray into the UK’s energy retail sector, selling energy from its wind farms direct to large consumers. That same month, Engie announced plans to start offering energy to households in the UK.
“We are convinced this deal will be good for our new customers as we will combine our experience of customer focused and increasingly fossil-fuel free energy solutions with iSupplyEnergy’s strong, nimble, digitalised and transparent customer service,” said Vattenfall’s Senior Vice President for Customers & Solutions, Martijn Hagens.