Planned SSE-npower deal seen as bad for UK consumers with new entity along with British Gas holding almost 50% of energy share, warn MPs
An influential group of MPs have called on the competition watchdog to investigate the merger of two of the UK’s biggest energy companies, warning it threatens to be a bad deal for households.
The intervention by the business, energy and industrial strategy (BEIS) committee adds to the mounting pressure for an inquiry into SSE and npower combining to create an energy giant that will shrink the “big six” suppliers to five.
Related: SSE and npower in talks to create giant UK energy supplier
Continue reading...from Mergers and acquisitions | The Guardian http://ift.tt/2zMQlUk
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