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U.K. Likely to See More Utility Mergers If SSE Deal Approved

  • SSE-Innogy tie-up would be U.K.’s second-biggest supplier
  • EON says its British unit well placed to stay independent
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Photographer: Matthew Lloyd/Bloomberg

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The U.K.’s biggest energy providers, under pressure from Prime Minister Theresa May’s plan to cap prices, may see more mergers if the competition watchdog authorizes SSE Plc and Innogy SE’s plan for a new utility.

The 30-billion pound ($39 billion) market is still dominated by some of Europe’s biggest utilities, but their combined share of customers has been declining for years. The so-called Big Six are losing households to upstarts offering lower prices and better customer service.