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You thought that you had signed up with NPower ........
Legacy_user
Posts: 0 Newbie
in Energy
So you thought that you were a NPower or SSE customer..... read on.
The Big 6 may become the Big 4 with one supplier bigger than the others.
Last week, E.On announced that it was acquiring RWE’s subsidiary Innogy SE. In return, RWE gets 17% of E.oN.
NPower is owned by Innogy SE, and the NPower business will now transfer to E.oN.
To complicate matters further, NPower had already announced plans to merge with SSE: this merger is the subject of a Competition and Markets Authority (CMA) Review. The CMA has now started a separate ‘conversation’ with E.oN.
The need to merger is being blamed on a ‘difficult UK market; price regulation and the UK’s smart metering programme’.
A week ago, NPower reported a loss of £56M: down from a £90M loss in the previous year. It also announced a loss of 155,000 customers in March following recent price rises.
(Source: Business columns various)
The Big 6 may become the Big 4 with one supplier bigger than the others.
Last week, E.On announced that it was acquiring RWE’s subsidiary Innogy SE. In return, RWE gets 17% of E.oN.
NPower is owned by Innogy SE, and the NPower business will now transfer to E.oN.
To complicate matters further, NPower had already announced plans to merge with SSE: this merger is the subject of a Competition and Markets Authority (CMA) Review. The CMA has now started a separate ‘conversation’ with E.oN.
The need to merger is being blamed on a ‘difficult UK market; price regulation and the UK’s smart metering programme’.
A week ago, NPower reported a loss of £56M: down from a £90M loss in the previous year. It also announced a loss of 155,000 customers in March following recent price rises.
(Source: Business columns various)
0
Comments
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OMG! :eek: They had better not even think about not honouring fixed tariff contracts.0
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