Following today’s announcement that Phoenix Energy Holdings Ltd plans to sell the its Phoenix Natural Gas Supply Limited (PSL) business to SSE plc (Airtricity Energy Supply (Northern Ireland) Limited), a spokesperson for the Utility Regulator said:
“The Utility Regulator welcomes the entry of a new investor as a vote of confidence in the gas supply market in Northern Ireland.”
“As part of our normal regulatory processes we will assess the implications for licensing arrangements, and the exercise of our competition powers, that arise from the sale of PSL.”