Ovo is set to become the UK’s second largest energy supplier after it agreed to buy SSE’s retail business for £500m. Ovo is already the UK’s largest independent energy supplier, with 1.5 million customers and about 2,000 employees. But it will now take on SSE’s 3.5 million customers and 8,000 staff, making it second only to British Gas. SSE said it would “do all it can to ensure a smooth transition for customers and employees”. The deal is expected to be completed in late 2019 or early 2020. SSE said there would be no immediate impact on customers after completion, and that the SSE brand would be operated by Ovo under licence for a period, “allowing time for a phased and carefully managed migration and continued high standards of customer service”.
BBC 13th Sept 2019 read more »
Energy Voice 13th Sept 2019 read more »