Npower and SSE announced in November that their British household energy supply and services businesses would join forces, and now an investigation by the Competition and Markets Authority (CMA) has provisionally cleared the merger.
The investigation found that there is “plenty of choice in the energy market” and a merger will not impact how SSE and Npower set their standard variable tariff (SVT) prices.
An SVT’s cost is, as the name suggests, variable, so the rate you pay can go up or down depending on wholesale energy costs. They’re usually poor value compared with a fixed tariff – where the price is fixed. If you’re on an SVT, you can likely save £100s a year by switching.
The CMA’s investigation also found that if SVT customers do switch tariff, they usually change to a cheaper, non-SVT tariff rather than another SVT.
See if you can save £100s/yr by ditching standard tariffs using our free Cheap Energy Club.