Jan 27, 2023
Job risk as Shell considers quitting energy market
Up to 2,000 UK jobs are at risk at Shell Energy after it announced it was considering quitting the energy sector. One of the options on the table is to pull out of the home energy market altogether. Energy firms have been restricted by the Ofgem cap, which will be changing in April, on how much suppliers can charge for the energy they sell. Shell said it remained committed to its business model of producing, buying, trading, transporting and selling energy around the world. "Our priority remains to ensure our customers in those countries continue to receive a reliable and affordable energy supply, and to provide support for customers who are struggling with the cost of energy and wider cost-of-living pressures," the firm added.
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