Shell Energy ends Texas residential electricity business, sells remaining customers to NRG

Kyle McClenagan | Source: Houston Public Media | Posted 03/04/2025

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Shell Energy Solutions began operating in Texas in 2022 after it acquired MP2 Energy in 2017. In October 2024, the company announced that 103 employees were being laid off.

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Shell Energy Solutions has ceased its residential electricity business in Texas, less than three years after its launch in 2022. The company, which acquired MP2 Energy in 2017, confirmed that it has signed an agreement to sell its residential customer base in the Electric Reliability Council of Texas (ERCOT) to NRG. This decision aligns with Shell's strategy to enhance performance and maintain stronger capital and cost discipline.

Despite exiting the residential market, Shell Energy Solutions will continue to operate in the commercial sector, focusing on providing competitive power products to commercial and industrial customers. The company originally targeted homeowners with renewable energy plans, including options for those with solar panels. Additionally, the company announced layoffs of 103 employees in the Houston area, effective December 13, 2024, as part of this transition.

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Source Link: https://www.houstonpublicmedia.org/articles/news/business/2025/03/03/515134/shell-energy-ends-texas-residential-electricity-business-sells-remaining-customers-to-nrg/

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Shell Energy ends Texas residential electricity business, sells remaining customers to NRG

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