OVO will acquire the retail business of energy company SSE for £ 500 million ( $ 100 m ) , at which time it will become the UK 's second - biggest energy supplier behind British Gas . The transaction should enhance competition for consumers , with OVO , Total , Bulb and Octopus rivalling the Big Six companies , said Andrew Murray of Moneysupermarket . The deal is expected to close in Q4 2019 or Q1 2020 .
OVO will acquire the retail business of energy company SSE for £500m ($615m), at which time it will become the UK's second-biggest energy supplier behind British Gas. The transaction should enhance competition for consumers, with OVO, Shell, Bulb and Octopus rivalling the Big Six suppliers, said Stephen Murray of Moneysupermarket. The deal is expected to close in Q4 2019 or Q1 2020.