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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

E.ON agrees to buy Ovo in deal to create UK’s biggest energy supplier

Ovo United Kingdom Eon Stephen Fitzpatrick Cornwall Insight Eon Next Octopus
The E.ON logo outside the German energy company’s headquarters in Essen, Germany
E.ON said the deal to buy struggling UK rival Ovo would bring bills down for customers. Photograph: Friedemann Vogel/EPA

The German energy group E.ON has agreed to buy struggling UK rival Ovo in a deal that would create Britain’s biggest gas and electricity supplier by number of households served.

The combined company will supply about 9.6 million customers, overtaking the market leader, Octopus, which serves almost 8m homes in the UK.

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