Ørsted B2B customers moved to Total Gas and Power: Total Gas and Power is to take over by agreement Ørsted business-to-business (B2B) portfolio of their natural gas and power customers.
This action comes as the Danish energy giant aims to diminish its downstream operations and focus on owning, building and operating renewable generation assets – the portfolio makes up a contracted volume of 28TWh, it involves the move of around 3,800 natural gas customers and 2,200 power customers.
After the transaction which is expected to be finalised during winter 2020/21, Ørsted will keep a number of strategic long-term partners and customers, to which it provides product for risk management.
“We’re pleased to have signed this agreement and that Ørsted has found a new home for our B2B natural gas and power customers in the UK. The divestment is in line with Ørsted’s strategic plan, refocusing on key activities for the group in the future.” stated Ashley Phillips, Managing Director of Ørsted Sales UK.
Dave Cranfield, General Manager of Total Gas & Power, said: “We are delighted to have signed this agreement with Ørsted. It demonstrates our commitment to UK energy customers and the British energy market.
“We believe that by continuing to develop our product range as well as offer excellent service, we are well placed to supply all customers – large and small – with their current and future energy needs.”
Ørsted B2B customers moved to Total Gas and Power