On 21 January 2014, Eneco acquired 90,000 energy customers and 89 employees from DONG Energy Sales B.V. after reaching agreement with DONG S/A of Denmark. The acquisition allows Eneco to move towards its ambition to grow as a supplier of sustainable energy to retail, SME and business customers in the Netherlands. The acquisition is subject to certain advisory and approval processes. Approval from the regulator, the Netherlands Authority for Consumers and Markets (ACM) has already been given. Eneco expects the transaction to be completed in March.
The Heating Supply Act (Warmtewet) came into force on 1 January 2014 and is designed to protect retail heating consumers against excessive charges by regulating prices using the "no more than otherwise" principle (the cost of heating is capped at the price of gas heating). The introduction of the Heating Supply Act has no effect on the measurement of Eneco’s district heating networks.