Tag: Npower

SSE and Npower merger scrapped

SSE and Npower merger scrapped

A proposed merger between two of the UK’s largest energy companies has been scrapped after SSE and Npower failed to agree on terms to ensure financial support for the new firm. The merger would have seen the UK’s “Big Six” energy providers reduced to five, although it came under a […]

SSE reveals Npower deal could fall through

SSE reveals Npower deal could fall through

UK energy giant SSE has expressed a level of uncertainty over its planned merger with Npower after the two companies delayed the deal as a result of incoming caps on default tariff prices. SSE said the impending price cap on standard variable tariffs (SVTs) is expected to increase pressure on […]

Small suppliers make up a quarter of the UK energy market

Small suppliers make up a quarter of the UK energy market

One in four UK energy customers have moved from contracts with larger firms to small and medium sized suppliers after the government moved to cut the Big Six’s monopoly of the market. The surgency in smaller suppliers has significantly reduced the market share of the Big Six firms and slashed […]

SSE-Npower merger gets watchdog clearance

SSE-Npower merger gets watchdog clearance

The proposed merger between two of Britain’s Big Six energy firms, Npower and SSE, has been given the all clear by the UK’s competition watchdog. The Competition and Markets Authority (CMA) has provided the final approval needed for the merger, that will create the country’s second largest energy provider, after […]

SSE and Npower merger approved, despite concerns over competition

SSE and Npower merger approved, despite concerns over competition

The Competition and Markets Authority (CMA) has given the go-ahead for the merger between SSE and Npower, two of the Big Six in the UK. This is despite initial fears that the coupling could significantly reduce competition for consumers, particularly those on standard variable tariffs (SVTs). However, Anne Lambert, the […]

Npower fined for failing to meet metering deadline

Npower fined for failing to meet metering deadline

Npower has been fined £2.4 million by UK energy watchdog Ofgem after failing to meet the deadline to introduce an advanced meter, despite the five years it knew about the roll out beforehand. Ofgem found the Big Six suppler, owned by Innogy, did not take “reasonable steps” to install the […]

SSE lose £80m in profits because of good weather

SSE lose £80m in profits because of good weather

Reduced output from renewable energy sources and higher gas prices have led to an £80 million hit on operating profits at SSE during the first quarter of this financial year. The Big Six firm has stated that its operating profits, for the three months to the end of June, have […]

SSE profits fall prior to “year of major transition”

SSE profits fall prior to “year of major transition”

Annual profits have dropped at SSE during a year that presented “a number of complex challenges to manage”, including looming pressure from the UK government to cap standard variable tariffs and its plans to merge with its rival Big Six supplier Npower. Legislation for an energy price cap on standard […]