The proposed merger of the “Big Six” household energy firms npower and SSE has been provisionally approved by the London’s Competition and Markets Authority (CMA). The CMA had previously expressed concerns about the impact of the merger on controversial standard variable tariffs (SVT), which are expected to face a cap as the winter period approaches. However, the CMA review found the two companies "do not compete closely on SVT prices". A final report from the CMA is expected in October, with the merger likely to be completed by early next year.
The proposed merger of the “Big Six” household energy firms npower and SSE has been provisionally approved by the UK’s Competition and Markets Authority (CMA). The CMA had previously expressed concerns about the impact of the merger on controversial standard variable tariffs (SVT), which are expected to face a cap as the winter period approaches. However, the CMA review found the two companies "do not compete closely on SVT prices". A final report from the CMA is expected in October, with the merger likely to be completed by early next year.