Direct Energy, Centrica's North American subsidiary, is to sell its Ontario home services business to EnerCare for £300m.

Direct Energy currently has almost 1.9 million home services contracts in Ontario, to provide a range of plumbing, heating, ventilation, air conditioning and other related services.

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The majority of customers are served through a joint arrangement, under which EnerCare owns the water heater assets, while Direct Energy provides services and manages the customer relationships.

Badar Khan, President and CEO of Direct Energy, said: "This is an attractive opportunity to realise value from the Canadian home services business. With our activities in Ontario no longer forming a material part of the business, we will focus our attention on opportunities in the United States and Alberta, through a range of innovative products, including combined energy and services offerings."

(CD)