Independent Scottish energy supplier takes over English rival

A Scottish independent energy provider has stepped in to take-over the customer based of an English-based rival after Future Energy went bust.

The Newcastle-based supplier admitted it did not have the ‘wholesale market buying’ power to compete with the Big Six and has ceased trading with immediate effect.

But its 12,000 retail gas and electricity customers – along with the company’s 20 staff – have been protected in the take-over by Glasgow-based Together Energy, which was hitherto keen to expand its market share in the UK.

Prior to this take-over, Together Energy had an annual revenue of £36 million and employed 45 people.

13 Feb 2018

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