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Big Six energy firms in advanced merger talks

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Two of Britain’s Big Six energy suppliers are in advanced talks about a merger that would alter the landscape in the under-fire sector.

SSE and innogy – the German owner of npower – said they had been in discussions about combining their gas and electricity supply businesses in the UK.

Such a deal would see the Big Six potentially turned into a Big Five, by consolidating the operations of two of the firms that currently dominate the sector.
SSE, which is currently Britain’s second largest energy supplier, said: “The discussions between SSE and innogy are continuing and are well advanced but no final decisions have been taken.”

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Source: SKY