Mercredi, 3 Juin 2020
Dernières nouvelles
Principale » Npower merger should face full probe over competition concerns, say MPs

Npower merger should face full probe over competition concerns, say MPs

05 Décembre 2017

A group of United Kingdom legislators have called upon the United Kingdom competition regulator to confirm it would look into competition concerns raised by the proposed merger of SSE PLC and npower, owned by Germany's innogy SE.

Rachel Reeves, chair of the BEIS committee, said: "The energy market isn't working for consumers".

"(We) would welcome the confirmation of the CMA that it will look in detail at the potential impacts that this merger could have on the operation of the domestic energy market, and undertake a full investigation if there is any risk of a lessening of competition within the sector", Rachel Reeves, chair of the cross-parliamentary Business, Energy and Industrial Strategy (BEIS) Committee, wrote in a letter to the CMA.

"The proposed merger between SSE and Npower risks damaging the development of a more competitive energy market, reducing consumer choice, and threatening to be a bad deal for energy consumers", said Rachel Reeves, chair of the select committee.

Cordray expected to announce OH gubernatorial bid on Tuesday
President Donald Trump picked Budget Director Mick Mulvaney to be the interim leader, leading to a fight for agency control. Five Democrats have already announced they'll seek the gubernatorial nomination to replace outgoing Ohio Gov.

The so-called Big Six energy companies - British Gas, SSE, Iberdrola's Scottish Power, Innogy's npower, E.ON and EDF Energy - control around 80 percent of the market, compared to around 99 percent a decade ago.

Video: November: Can Big Six merger be good for customers? The new firm would have more electricity customers than any other supplier and be only around 1m customer accounts behind market leader British Gas, which has been shedding hundreds of thousands of customers in recent months.

A spokesperson for SSE said: "The merger will improve competition by offering customers a completely new model combining the resources of established players with the agility and innovation of an independent supplier - turning 60 competitors into 59, not five, and ultimately offering better value for customers".

The CMA said it would consider all mergers that meet the legal criteria for an investigation under the Enterprise Act. The authority has yet to announce formally that it will look into the deal.

Npower merger should face full probe over competition concerns, say MPs