SSE and Npower to create new UK energy supplier

Energy supplier SSE and the owner of Npower are in talks about combining their operations to create a new company in the UK.

The discussions between SSE and Npower's parent company, Germany's Innogy, "are well-advanced but no final decisions have been taken".

Under the proposals, the combined business would contain SSE's and Innogy's household energy supply and services business in Britain.

The new entity would be listed and SSE would "demerge its shares to its shareholders".

SSE said in a stock market announcement: "In line with its stated commitment to embrace change in each of its businesses, adapting them to the political, economic, social and technological requirements of customers and of society as a whole, the board of SSE has been in discussions with Innogy about creating a new independent energy supply company.

"In discussions, SSE is mindful of the requirements of customers and the concerns of employees.  It will disclose the outcome of the discussions as soon as they are concluded."

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