Wednesday, 8 November 2017

SSE confirms merger with Npower to form a new energy company

SSE has confirmed it is merging its British domestic business with Npower to form a new energy company.

SSE, the UK's second-largest energy supplier, which also reported a big fall in its adjusted pre-tax profits of 13.9% in the six months to September, revealed the merger talks on Tuesday.

The deal knocks the country's "Big Six" energy firms down to five.

"We are very proud of what we've delivered over many years," said chief executive Alistair Phillips-Davies.

He said the merger would allow both to "focus more acutely on pursuing their own dedicated strategies".
The new firm is expected to be roughly the size of market leader British Gas and to serve about 11.5 million customers.

BBC      News.