Energy supplier SSE says it has been in talks with the owner of rival, Npower, discussing the option of forming a new UK energy company.
SSE said it had been in discussions with Germany’s Innogy about merging their UK gas and electricity supply businesses into an independent company.
Such a merger would bring together two of the UK’s “big six” gas and electricity suppliers. SSE, the UK’s second-largest supplier, said the talks were “well-advanced”.
SSE, formerly known as Scottish and Southern Energy, supplies energy to 7.77 million households while Npower serves 4.8 million.
Any merger – if allowed – would see the new company nipping at the heels of the market leader British Gas, which currently has 27% of the gas and electricity supply market, according to energy consultancy Cornwall Insight.
Full Content: The Guardian
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