SSE and Npower call off merger
19 December, 2018
Scottish energy firm SSE has cancelled its proposed merger with electricity and gas supplier Npower.
The merger, had it proceeded, would have created the UK’s second biggest energy supplier.
Plans had been put in place for SSE’s household energy business, SSE Energy Services, join forces with Npower’s retail operations, which are owned by German utility giant innogy.
SSE has commented that a major factor in deciding not to go ahead with the deal was uncertainty surrounding the new energy price cap which the UK government will put into effect in 2019.
The price cap will limit the amount suppliers can charge for each unit of gas and electricity consumed.