AP Photo / Kirsty Wigglesworth, file
Shell Energy ended its residential electricity activity in Texas less than three years after the launch.
A Shell spokesperson confirmed to the Houston public media on Monday that Shell Energy Solutions no longer offered electricity plans to Texas residents.
“We can confirm that Shell Energy has signed an agreement to sell his customer residential book to Ercot in NRG,” wrote the spokesperson. “Within the framework of our increased concentration on the performance and more solid capital and cost discipline, we will no longer provide electricity plans for residential customers on the ERCOT market.”
According to the company, Shell will always be involved in the commercial market.
“Given our unique position on the market, Shell Energy Solutions will continue to develop a portfolio of additional assets and third-party supplies to provide competitive electricity products to our commercial and industrial customers,” the spokesperson wrote.
Shell Energy Solutions began to operate in Texas in 2022 after acquiring MP2 Energy in 2017. According to the original launch ad By the company, the energy supplier offered customers a 100%renewable electricity plan. The target audience of the company included owners with solar panels and offered them a repurchase for excess solar energy returned to the state’s electrical network.
In October 2024, Shell announced that it would be Screen 103 employees in the Houston region Shell energy solutions. The layoffs were announced via a notice of notification of the adjustment and recycling of workers (warn) filed with the Texas WorkForce Commission. The layoffs entered into force on December 13.
Shell Energy Solutions belongs to the British Shell Oil Company, which operates its head office in the United States in Houston.