SSE shareholders give green light for Npower deal

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SSE shareholders have voted in favour of forming a new merged retail company combining SSE and Npower customer bases.

The vote took place yesterday.

SSE chairman Richard Gillingwater welcomed the decision and said “demerging SSE Energy Services and combining it with Npower is the right thing for customers and for the energy market as a whole”.

He added that the new supplier would “combine the resources and experience of two established players with the focus and agility of an independent supplier”.

The decision to allow the merger now rests with competition authorities, though SSE is confident the deal will conclude this financial year.

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