The Competition and Markets Authority (CMA) has launched an inquiry into the so-called ‘mega merger’ between RWE and E.On.
The merger between SSE’S retail energy business and Npower has been provisionally approved by the Competition and Markets Authority (CMA) after it was found that the deal would have little impact on pricing or consumer choice.
The Competitions and Markets Authority is seeking new assurances from both SSE and Npower over their proposed merger, considering that the move could be detrimental to consumers.
Yesterday came the symbolic moment that many in the smaller supplier market had been waiting for as SSE and RWE npower confirmed plans for a merger. However, with issues around competition in the GB supply market and a chequered history of consumer satisfaction, the fall of the Big Six to five may still be a way off.
Earlier this month, the UK energy market welcomed a new kind of supplier to its ranks. Digital platform Pure Planet garnered interest after stating its unique offering of a renewable energy supply delivered ‘at cost’ to homeowners, in the latest approach taken to undercut the declining dominance of the Big Six.