Who owns British Gas, SSE, Npower and the rest of the UK's big energy companies?
Do you know who owns British Gas, SSE, Npower and the rest of the UK's energy giants? Read on to find out.
Sections
British Gas
British Gas is the UK’s biggest domestic energy supplier (which has just announced another round of huge price hikes). It also operates the Sainsbury’s Energy brand.
However, British Gas is actually a subsidiary of Centrica, which was formed following a demerger from British Gas plc back in 1997.
Centrica is UK-owned and based.
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EDF
EDF Energy is a subsidiary of the French Government-owned energy company EDF (Électricité de France) Group. Over the years it has bought UK energy companies London Electricity, SWEB, Seeboard and British Energy.
EDF was founded in 1946 and became a public company in 2004.
E.ON
E.ON is a German-owned group formed from the merger of German companies VEBA and VIAG. The group bought UK energy company Powergen back in 2002 but it wasn’t until 2007 that its UK energy operations were renamed E.ON.
Npower
Npower is a subsidiary of German energy company RWE Group. It was bought in 2002, having evolved out of National Power, later renamed npower, which had bought the likes of Calortex, Independent Energy and Midlands Electricity following privatisation.
ScottishPower
ScottishPower is a subsidiary of Spanish company Iberdrola, who bought it in 2006. The company was formed in 1990 from the South of Scotland Electricity Board. It later bought Manweb, the energy company supplying Merseyside and North Wales.
SSE
SSE (formerly known as Scottish and Southern Energy) was formed in 1998 following the merger of Scottish Hydro Electric and Southern Electric.
In 2000, it bought SWALEC and it also owns Atlantic and Airtricity. It operates those brands plus Scottish Hydro and Southern Electric as subsidiaries of the main SSE group.
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Comments
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The cry of nationalisation comes up regularly. Big question is who would run the huge nationalised organisation? And at what cost?? It would be the Civil Service with its inefficiency and complacency and no incentive to economise or improve. I feel that competition is good but I strongly feel that essential companies that provide to the national infrastructure should be required to have a minimum of 51% UK resident shareholders, thus ensuring that the interests of the country were maintained.
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All of these business were our nationalised industry as was British rail, British telecom, water companies, National Bus Company, + more until a certain female pm Flogged the lot off to anyone who had money to buy them, and the British taxpayers were robbed not just once but numerous times, I am sure others will remember.
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Would it not be to our advantage if the gov / country set up 1 state owned and run electricity and gas . 1 state owned water & Sewage company . 1 stat owned bank /loan/mortgage company. 1 state owned Steelworks. 1 state owned rail / coach-bus network
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30 September 2021