Energy firms SSE and Npower renegotiate terms of merger

Energy firms SSE and Npower are renegotiating the terms of a merger of their UK retail operations, blaming the introduction of an energy price cap.

Energy firms SSE and Npower are renegotiating the terms of a merger of their UK retail operations, blaming the introduction of an energy price cap.

The merger, which has been cleared by the regulator, is set to create the UK's second-biggest energy company.

Both firms said they still thought the merger had benefits, but that any final deal was likely to be delayed.

An energy bill price cap of £1,137 a year for "typical usage" is due to come into force in the new...
source: BBC

2018-11-08 23:57
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