THE merger of two of the “Big Six” energy giants will leave UK households at the mercy of a “cartel”, a union claims. The GMB union has urged Business Secretary Greg Clark to block a deal between Perth-based SSE – the UK’s second largest supplier – and German-owned Npower. The major players confirmed plans to combine their domestic arms and form a new company earlier this month. It is expected to serve around 11.5 million households and SSE retail’s chief operating officer Tony Keeling said the new operator will be “more efficient, more agile and more innovative for customers”. But GMB has now written to Clark claiming it would create a “chokehold that is bad for customers, workers and the wider economy” instead. The letter claims the proposal meets the criteria for referral to the Competition and Markets Authority and, if the government does not involve this body, argues it should use its powers to prevent the deal on the grounds of public interest. GMB national energy secretary Justin Bowden said: “This is an obviously worrying time for SSE and Npower employees who will be concerned that job cuts will inevitably follow a merger.
The National 17th Nov 2017 read more »
Energy cost management consultancy, PCMG, have warned that the merger between two of the UK largest energy companies could lead to increased billing errors, not cheaper energy bills.
Energy Voice 17th Nov 2017 read more »