Vattenfall has announced that the customers of its UK household gas and electricity energy supply business, iSupplyEnergy have been acquired by EDF. iSupplyEnergy is based in Bournemouth and has around 250 employees.
EDF is the UK’s largest producer of low-carbon electricity, meeting around one-fifth of the country’s demand and supplying millions of customers with electricity and gas. iSupplyEnergy has around 190,000 customer accounts, which will transfer to EDF between April and June. Vattenfall took the decision to sell its UK energy retail customer accounts in order to focus on developing its core UK renewable power generation, heating, B2B sales and distributions businesses. The parties have agreed not to disclose the value of the transaction. Vattenfall has invested over £3.5 billion in UK renewable generation and operates eleven onshore and offshore UK wind farms, with an installed capacity of more than 1GW. It has a pipeline of new projects, including two 1.6GW wind projects off the Norfolk coast, one of which is awaiting planning consent.
