November 23, 2024

SSE-npower merger faces full investigation amid price concerns

The UK’s competition watchdog has opened a full-scale investigation into the proposed merger of “big six” energy firms npower and SSE.

The announcement by the Competition and Markets Authority comes after it warned last month that the merger could lead to higher energy bills for households.

The CMA said the two companies did not put forward evidence to address its concerns, meaning they now face a more detailed investigation which could take about six months.

Facebook Comments

MineralHygienics.com