If you haven’t seen yet, npower and SSE are attempting to merge, turning the Big 6 into the Massive 5. Together, these two companies would have 22% market share.
Our thoughts are that this is good news if you’re an SSE shareholder, but bad news for consumers in general. We don’t see how turning the Big Six into the Big Five will help consumers. Fewer suppliers means less competition and less competition means higher prices. You can read more about our view on the Bulb blog: https://bulb.co.uk/blog/sse-npower-merger
We think the merger needs review by the Competitions and Markets Authority. The newly merged company and British Gas would have 50% of all consumers in the market. And npower and SSE aren’t exactly leading the way in reducing bills or delivering great service. A merger could see many families worse off, especially as so many don’t realise they can switch, or don’t know how.
What do you think? Should the CMA get involved?