Proposed Energy Supplier Merger Cancelled
The proposed merger between Big Six energy suppliers SSE and Npower has been abandoned. SSE had planned to merge its retail business with its energy supplying rival but has now withdrawn the proposal.
Had the companies merged, they would have combined to become the second largest energy supplier behind British Gas. However, ‘very challenging market conditions’ have put an end to their plans.
The major blow seems to have been struck by the recently implemented price cap.Read More