Npower-SSE merger wins go-ahead from competition watchdog

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Big six shrinks to big five as CMA clears way for major shakeup of energy sector

The competition watchdog has provisionally given the green light to the merger of npower and the retail arm of SSE, removing the final hurdle to the biggest shakeup of the energy sector in years.

An investigation by the Competition and Markets Authority found that the two firms did not compete closely for customers on default tariffs which most people are on. Few people switched between the pair, it added.

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from The Guardian https://ift.tt/2C2zhiK

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