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Direct Energy was founded in Toronto in 1986, as a competitive energy retailer. In 2000, the company was acquired by Centrica, the UK-based parent of British energy retailer British Gas. In 2010, Direct Energy acquired Clockwork Home Services making Direct Energy the largest energy and home services retailer in North America.
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Avangrid, Inc. (formerly Energy East and Iberdrola USA), is an energy services and delivery company. Avangrid serves about 3.1 million customers throughout New England , Pennsylvania and New York in the United States .
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In April 2018, the French energy major Total S.A. announced their bid to purchase 74% of Direct Énergie capital from their main stockholders, for 1.4 billion euros. [10] On 6 July 2018 Total S.A. acquired 73.04% stake in the share capital of Direct Énergie.
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