SSE-Npower merger faces full investigation by competition watchdog

SSE-Npower merger faces full investigation by competition watchdog

A merger between SSE and Npower has been referred for a full investigation by the competition watchdog over concerns it could lead to higher gas and electricity prices for consumers.

The Competition and Markets Authority (CMA) said its initial probe found the tie-up could reduce competition and that it will now mount a full "stage two" investigation which could take around six months.

SSE which is the second largest of the "Big Six" energy suppliers and Npower, which is the smallest, did not provide proposals to allay fears that the tie-up could reduce competition.

Read the full story at The Independent.

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