Yes breaking news. The city expect ovo energy to announce any time now (before 8am monday) that they have agreed to purchase SSE retail business along with their 5 million or so customers. This would catapult them into the big boy leagues. With a price tag of 700 million or so will the customer pay a hefty price for this?
So will this create a flurry of mergers and takeovers of other energy suppliers, npower is up for sale so it wont be long before they get snapped up.
This does however blow my theory that BP would buy SSE or NPOWER with SHELL buying the other.