E.ON Next deal to buy Ovo Energy leaves UK with just ‘big three’ energy suppliers
E.ON's planned acquisition of Ovo Energy has been approved by the UK competition authority, despite worries that the deal could reduce competition among the country's three largest energy suppliers. The regulator said the takeover would not harm consumers, even though it may lessen incentives for price cuts. The move consolidates the market, leaving only the big three providers.