This week, we look at the market share impacts of recent mergers and acquisitions among domestic energy suppliers. Over the last year, the headline changes saw incumbent suppliers, npower and SSE, exit the domestic supply market with customers going to E.ON UK and Ovo Energy, respectively. The consolidation has resulted in Ovo Energy achieving 14.5% market share by energy accounts and becoming the second largest supplier. While we reported E.ON UK and npower market shares separately in our 31 July Domestic Market Share Survey, the combined market share at this point would reach 16.6%.
Hannah Treacy
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Home supply and services
No easy fix: tariff prices remain high
In response to the unprecedented increases in global gas prices, Ofgem announced last week time limited measures “to help stabilise” the supply market. This includes a requirement for all domestic suppliers to offer existing customers the same tariffs available to new customers from 14 April, echoing changes made by the...
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Over a third of energy suppliers have left the market
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Fail to prepare, prepare to fail – domestic switching rate dips
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900,000 domestic customers impacted by SoLR over last two years
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Chart of the week | SoLR process sees largest supplier exit
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Chart of the week | COVID-19 costs energy suppliers over £1bn
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