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E.ON Now Second Largest Big Six Supplier

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Unpredictability and change in Europe’s energy industry is expected and ongoing, so it is no surprise that the big six league table is about to switch up once again.

The latest reshuffle means that E.ON is now the second largest energy provider of the big six, overtaking SSE and only falling behind British Gas, who remain at the top of the table.

Recent figures received and released by Ofgem showed a narrowing gap between numbers of customer accounts and profits between SSE and E.ON. According to a Cornish energy consultancy, calculations at the end of April revealed that E.ON holds 15,000 more customers on their database than competitor SSE.

SSE continues to succeed to operate in a highly competitive market which consists of nearly 70 suppliers who are constantly competing and changing rates to win over customers.

German-owned E.ON was the only supplier in the United Kingdom with business to consumer (B2C) customer gains over the past year, with an increase of 50,000 live accounts compared to 2017. However, on August 8th it was confirmed that E.ON had turned over profits of €202 million so far in 2018, down €28 million from the same time last year.

Considering this, E.ON’s lead is unlikely to be more than temporary, as energy supplier and competitor Npower has revealed plans to combine forces with the supply business of SSE to create a new mega-player in the UK’s energy market. This newly merged supplier would be the second largest and its only competition for the title Britain’s biggest would be British Gas.

Eon has also revealed some discussion around potential cut of 500 jobs within its UK operations, and put this down to an “increasingly competitive environment”.

“Just yesterday we launched secure bill, a new type of tariff which allows people to fix their total energy bill – not just their price – for a whole year, giving them complete reassurance over how much they’ll pay and the ability to budget better.

“This is just one of the many ways we’re helping customers to choose the best tariff option for them, alongside the many other solutions we have available – from smart meters which help customers gain greater visibility and control over their energy use, to long term financing options for people wanting to upgrade to an energy efficient boiler, to technologies like solar and storage which allow customers to generate, store and consume their own renewable power.”