SSE reveals it’s lost 240,000 customers amid Npower merger collapse

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SSE reveals it's lost 240,000 customers amid Npower merger collapse

SSE reveals it’s lost 240,000 customers amid Npower merger collapse

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SSE lost every other 240,000 customers within the 3rd quarter because the power massive assesses choices for its retail arm following the collapse of a merger with rival Npower.

The crew pointed to aggressive pressures because it noticed the selection of home power accounts fall from 6.04 million on the finish of September to five.88 million in December.

For its power products and services arm, SSE is thinking about a standalone demerger and record, a sale or ringfencing the industry.

 

Boss Alistair Phillips-Davies mentioned: “We proceed to make just right development in our core companies of regulated power networks and renewable power, complemented through versatile thermal era and industry power gross sales.

“We also are making development in assessing the choices for the way forward for the power products and services industry.

“SSE has a transparent technique and just right long-term potentialities for its high quality core companies and belongings that give a contribution to the transition to a low carbon financial system and can make stronger the introduction of worth and supply of our dividend plan within the years yet to come.

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