Engie the French multinational energy group, is to enter the UK consumer power market, creating a powerful new challenger to the “big six” suppliers as the government pushes for more competition in the industry. The Paris-based group, one-third owned by the French government, will be the biggest European utility to muscle into the UK market for a decade when it begins offering electricity and gas to British households early next year. Its arrival promises to increase pressure on the top six — Centrica’s British Gas, RWE npower, Iberdrola’s Scottish Power, SSE, Eon and Engie’s French rival EDF — which together command about 85 per cent of the market. They are already shedding customers to dozens of smaller competitors that have entered the market in recent years, while facing intense political scrutiny over pricing. The company would focus on adding value to basic gas and electricity supplies, Mr Petrie said, including technology to help customers increase energy efficiency. “There is more value for us in helping manage energy demand than in supplying the energy itself,” he added.
FT 20th Nov 2016 read more »