Centrica is to acquire Neas Energy for £170 million.

Neas provides customers in six countries in Europe with a route to market and short-term trading optimisation services. The customers together have 2,500 windfarms, solar plants and combined heat and power (CHP) plants, with an installed capacity of approximately 8,600MW.

Neas also provides risk management, supply management and consumption optimisation for wholesale electricity customers and smaller suppliers who do not have trading capabilities of their own.