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Shell completes acquisition of ERM Power

Shell Energy Australia Pty Ltd (Shell) has completed the acquisition of ERM Power Limited (ERM), one of Australia’s leading commercial and industrial electricity retailers.

Shell Energy vice president in Australia (which to date has primarily focused on gas trading) Greg Joiner will take on the role of Chief Executive Officer of ERM. In the future the two businesses will be integrated and ERM rebranded as Shell Energy.

Mr Joiner said he was pleased to welcome ERM’s highly capable staff and customers to Shell.

“ERM will become Shell’s core power platform in Australia and substantially accelerate our position in the Australian market,” Mr Joiner said.

Source: Energy Source & Distribution News