General · 12 May 2026
E.ON buying Ovo creates UK's largest energy firm
Customers might see lower energy bills after German firm E.ON agreed to acquire its struggling UK rival, Ovo. This significant deal aims to create Britain's largest gas and electricity supplier, surpassing the current market leader, Octopus. The combined company is expected to supply about 9.6 million households, with regulatory approval anticipated in the second half of the year.
Reported by Guardian · How we write briefs