Dong acquired Shell’s UK I&C gas business last autumn.
Managing director Mike Hogg said the company now had about 12 per cent market share, making it the number three in the market. Hogg said it was “too early” to put a figure on what level of dual fuel discount customers may be offered.
Ceo Lars Clausen added that an equivalent domestic duel fuel discount of 5 per cent was “unambitious” and that discounts were “the old world of commodity procurement”. Instead, he said the firm would focus on delivering overall bill savings to customers within 1.8 years on average.
However, given much of Dong’s electricity generation is wind-based, Clausen said customers may initially pay more per kilowatt hour but less overall.
Clausen did not rule out entering the UK domestic retail market but said that given Dong would be “millions behind” other major suppliers, it could not compete “unless we bought somebody”. He said the company had no plans to do so in the near future.