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Eon's acquisition of the majority of shares in Innogy will eventually see big six supplier Npower absorbed into the group. The European Commission gave the deal the green light on Tuesday.
6 years ago
Alongside its decision to extend the smart meter rollout deadline to 2024, BEIS has published its 2019 cost benefit analysis of the scheme. The government has said the rollout is now at a "breakeven" point.
The European Commission is set to announce its decision on Eon's acquisition of the majority of shares of Innogy this week. As part of the deal, Eon would take over Npower in the UK, taking the big six to a big five.
The energy giant found the potentially dangerous equipment during routine smart meter installation safety checks. The most common faults were found in boilers and old cookers.
An industry analyst has told Utility Week he believes cost per account of the proposed deal between SSE and Ovo Energy undervalues the former's retail arm.
SSE has agreed a deal with Ovo Energy to sell its retail arm to the challenger supplier for £500 million. Ovo has given an update on the transitional period following the proposed deal with SSE.
Katie Bickerstaffe was announced as the executive chair of SSE Energy Servcies earlier this year. Following last week's deal, her future role remains unclear.
Industry experts say five companies are at 90 per cent risk or higher of failing in Q4 2019. This is in addition to the six who have already exited the market this year.