0 £0.00
This item was added to your basket

Dear visitor,
You are viewing 1 of your 1 free articles

We’ve made wider, important changes to our print and online content to enhance the value of exclusive, insightful, discerning content we create every day. Support valuable editorial content by becoming a member of our Credit Club - register for free or choose a paid plan.

Register now or Login

CMA gives provisional green light for npower-SSE merger

A proposed merger between npower and the retail arm of SSE has provisionally given the green light, paving the way for one of the biggest shake-ups to the energy sector for years.

The Competition and Markets Authority’s (CMA) investigation into the proposed deal found the two energy companies do not compete closely on standard variable tariff prices. Few people switch between SSE and npower, it added.


Therefore, the CMA said, the merger is not expected to have a significant impact on standard variable tariff pricing.


Anne Lambert, chair of the CMA inquiry group which reviewed the deal, said: “We carefully scrutinised this deal, in particular how it would impact people who pay the more expensive standard variable prices.


“Our analysis shows that the merger will not impact how SSE and Npower set their SVT prices because they are not close rivals for these customers. Looking ahead, Ofgem’s price cap is also expected to protect SVT customers.”


Alistair Phillips-Davies, chief executive of SSE: “The scale and pace of change in the GB energy market continues to be significant and requires us to evolve to stay relevant, competitive and sustainable. The planned transaction presents a great opportunity to create a more agile, innovative and efficient company that really delivers for customers and the energy market as a whole.”


“We look forward to continuing to engage with the CMA as it prepares its final report ahead of the statutory deadline in October. We remain confident that the formation and listing of the new company is on track for completion by the end of SSE’s financial year.”



Lowell chief executive James Cornell to step down

Lowell chief executive James Cornell to step down

BrightHouse appoints Thomas Cook’s Mooney as chief executive

BrightHouse appoints Thomas Cook’s Mooney as chief executive

Court orders tribunal to reconsider £14bn Mastercard class action case

Court orders tribunal to reconsider £14bn Mastercard class action case

Upcoming events

Credit Awards 2019

Car Finance Conference

Car Finance Awards

Household Credit Conference

Credit Strategy
LinkedIn page

Did you find our website useful?

Thank you for your input

Thank you for your feedback

creditstrategy.co.uk – an online news and information service for the UK’s commercial and consumer credit industry. creditstrategy.co.uk is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Credit Strategy is committed to diversity in the workplace.
@ Copyright Shard Media Group