CMA: SSE-npower merger could increase energy prices

The competition watchdog is seeking remedies from the companies to prevent a more in-depth investigation on their proposed tie-up

SSE-innogy appoint CEO for proposed joint UK energy company

Katie Bickerstaffe is currently the Chief Executive of Dixons Carphone UK and Ireland business

Competition watchdog investigates SSE-npower merger

The Competition and Markets Authority (CMA) has launched an investigation into the proposed merger of SSE Retail and npower. It will assess whether the new company, which would serve around 11.5 million domestic customers, could significantly reduce competition. The deal could possibly see the Big Six turn into a Big Five. The competition watchdog said: […]

EU approves natural gas merger

The EU has approved the acquisition of a natural gas supplier by energy firm Edison. Gas Natural Vendita Italia was the business that was bought – both companies are based in Italy. The firm that has been sold is currently owned by Gas Natural Fenosa Internacional SA. The Commission has concluded the deal would raise […]

CMA: Metal recycling merger ‘could leave firms worse off’

Some businesses could get a worse deal on their scrap metal recycling services as a result of a recent merger. That’s the findings of the Competition and Markets Authority’s (CMA) investigation into European Metal Recycling’s (EMR) purchase of Metal & Waste Recycling (MWR) – two of the largest metal recyclers in the UK. It revealed […]

Energy consultant acquisition complete

Lancashire-based LG Energy Group (LGE) has announced the acquisition of Liverpool firm Guild Energy. The energy consultation, intelligence and procurement business bought the gas and power advisors for an undisclosed sum. LGE Managing Director, Asif Rizvi, said: “The acquisition of Guild Energy further enhances our customer offering as the merger of mall and medium-sized enterprises […]

MPs call for investigation into SSE-npower merger

The Business, Energy and Industrial Strategy (BEIS) Committee is calling for an investigation into the proposed merger between Big Six firms SSE and npower. It has written to the Competition and Markets Authority (CMA) to launch a probe as it is concerned the merger may lessen competition and affect energy consumers. The merger would reduce […]

Energy efficiency and decentralisation groups merge

The Association for Decentralised Energy (ADE) and the Association for the Conservation of Energy (ACE) are to merge. The new organisation will take the name of the former group and aims to create a unified voice for decentralised energy solutions across the industrial, commercial, public and domestic sectors. Dr Tim Rotheray will continue in his […]

SSE and npower agree domestic energy merger

SSE and npower have agreed to merge their domestic businesses to form a new energy giant. SSE’s shareholders will hold 65.6% of the stake in the new energy company while innogy, npower’s parent company, will hold a minority interest of 34.4%. innogy will also receive a break fee of £60 million if SSE’s shareholders fail […]

Chinese merger to create world’s largest utility

A merger between two Chinese energy giants will create the world’s largest utility, worth $278 billion (£215.8bn). China’s largest coal miner, Shenhua Group, is to take over state-owned power producer Guodian Group to create the National Energy Group. The new company, which will be both the country’s largest wind developer and biggest coal producer, is expected […]