Power provider SSE says it has been in talks with the proprietor of rival Npower with a view to forming a brand new UK power provide enterprise.
It stated had been in discussions with Germany’s Innogy about merging their UK fuel and electrical energy provide companies into an unbiased UK firm.
A merger would convey collectively two of the UK’s “massive six” fuel and electrical energy suppliers.
SSE, the UK’s second-largest provider, stated the talks have been “nicely-superior”.
Any deal would wish approval from competitors authorities and shareholders.
In a press release, SSE stated: “In discussions, SSE is aware of the necessities of consumers and the considerations of staff. It’ll disclose the result of the discussions as quickly as they’re concluded.”
SSE shares rose 2% on the information.
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