Plans agreed for new GB household energy company

Category : News

You may have seen this morning’s announcement that SSE has entered into an agreement with npower to combine SSE’s household energy supply and services business in GB with npower’s household and business energy supply in GB.

Subject to all of the necessary approvals, the transaction will create a major new independent energy supply and services business in GB. It is expected to be completed by the end of 2018 or the start of 2019. Whilst this is an important development for the SSE Group, and our Retail colleagues in household energy supply in particular, it does not affect – in any way – SSE Business Energy, which will remain part of the SSE Group. Indeed, the new business will be a competitor of SSE Business Energy.

As you may know, we have been part of SSE’s Wholesale division for some time. SSE Wholesale includes the Group’s Generation, Wholesale Market and Business Customer activities (including both SSE Business Energy and SSE Enterprise Energy Solutions). Within SSE Business Energy we have been very focused on maintaining the strength of our core proposition for business customers, while doing much more to leverage the wider capabilities that exist across SSE Wholesale.

That already ranges from backing our SSE Green product with SSE Wind & Hydro, to bringing to market innovative Flexible Supply solutions offering unparalleled Wholesale Market access, to tailoring Energy Optimisation solutions for business customers. However, we can and will do much more to activate SSE Wholesale’s capabilities for business customers, whilst maintaining focus on delivering our core propositions outstandingly well.

Today’s announcement has no impact on any of those objectives and they will remain our focus in the months and years ahead.

If you have any questions in relation to today’s announcement, or what SSE Business Energy can offer business customers, then please do not hesitate to contact me or a member of the team.

Many thanks,

Finlay

 

Director of Business Energy

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