SSE confirms Ovo talks


SSE has confirmed it is in talks with Ovo as the big six supplier attempts to exit domestic energy retail.

The company has been seeking buyers for its domestic retail book since merger talks with Npower owner Innogy collapsed last December.

Following speculation, the firm issued a statement over the weekend:

“SSE is actively progressing a number of options for the future of SSE Energy Services, having determined that its best future lies outside the group.

“In line with this, and noting recent media speculation, SSE plc can confirm it is in discussions with Ovo Group over the possible sale of the SSE Energy Services business, which supplies energy and related services to around 5.7 million household customers across Great Britain.

“These discussions are continuing, however no final decisions have been taken and no agreements regarding the terms of any transaction have been entered into.”

The company said it would provide no further comment on the Ovo talks until a conclusion has been reached.

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