Company News 

Seven days: 10 November 2017

Seven days: 10 November 2017

SSE buckles 

Years of political grandstanding around clamping down on household energy prices has finally taken its toll on one of the big six suppliers. SSE (SSE) has announced plans to merge its household energy supply operations with German-based Npower to form an independent UK-listed company, majority-owned by SSE shareholders. Subject to regulatory approval, the deal is expected to complete in the last quarter of 2018 or early 2019 and is hoped to generate significant savings in capital expenditure and cost efficiencies. Last month the government published a draft bill designed to cap the most common rate in the market – the standard variable tariff. If enacted, this would put considerable pressure on retail earnings for the UK’s major suppliers. See page 72.

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