A merger between SSE and Npower’s retail operations has been cleared by the UK’s competition watchdog.
The Competition and Markets Authority (CMA) said it had given final clearance to the deal after concluding households would still have “plenty of choice” on standard variable tariffs (SVTs). It found the two providers were “not close rivals” on the tariffs, which offer the most expensive deals.
The merger will create the UK’s second biggest energy supplier.
The CMA launched a full inquiry into the merger in May after its initial probe found the tie-up could reduce competition, potentially leading to higher prices for households.
Full Content: UK Government