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Economy Power

Economy Power, the Cardiff-based electricity supply company with 250 staff, is to be acquired by E.ON UK for about £40m, but sister companies Eco2 and Economy Calls are not included in the deal.

Economy Power is planning to set up a customer service centre in Blaenau Gwent with the creation of 50 jobs, having agreed an electricity supply deal with Pennant Wind Energy Ventures.

Economy Power has secured £1.5m of funding from the Bank of Wales to expand its electricity trading business, and more sales people will be added to the 65-strong Cardiff workforce.