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Insider UK
Insider UK
Business
John Glover

ScottishPower announces plan to pull out of business market

ScottishPower has announced plans to gradually stop selling energy to British businesses, following potential failure of a large Russian supplier.

The company, owned by Spanish energy company Iberdrola, said it would honour current contracts and there would be no impact on existing business customers, with no employee losing their job following the decision.

UK energy companies which supply power to businesses have largely been shielded from the collapse of power companies.

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