Big energy supplier with 300,000 customers could be SOLD under new plans – what it means for you

A BIG shake-up could be on the cards for hundreds of thousands of energy customers after it emerged one of the UK’s major suppliers may be sold.

So Energy, which powers roughly 300,000 homes across Britain, is working with advisors to find a new owner, according to Sky News.

It’s understood bosses at its Irish parent firm, Ireland’s Electricity Supply Board, have decided the business no longer fits with their long-term plans.

Advisers have already been drafted in to hunt for a new owner, with big names in the energy world said to have been quietly approached.

Accountancy giant PricewaterhouseCoopers is understood to be steering the sale behind the scenes.

So Energy is currently controlled by Ireland’s Electricity Supply Board, which snapped up a majority stake back in 2021.

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The supplier itself has been up and running since 2015, building a solid reputation with customers over the past ten years.

A spokesperson for the parent firm said: “Our parent company, ESB, has initiated a process to evaluate potential divestment options for So Energy.”

They added: “Following a strategic review, ESB plans to focus on its core business.”

Describing the firm, the spokesperson said: “So Energy is a well-run, fully hedged and efficient supplier with a secure customer base and a decade-long record of excellent customer service.”

For anyone worried about their bills or supply, So Energy was quick to insist it’s “business as usual, with customers’ energy supply and support unaffected.”