Innogy falters as npower losses quadruple
Innogy saw its first-half income cut by more than a quarter (26.3%) year-on-year as losses from its UK-facing npower unit spiralled.
Articles tagged with: npower
Npower slumps to loss as innogy seeks closure on ‘unusual’ takeover situation
Innogy said it was seeking closure on the “unusual situation” of being in the middle of the RWE/E.On asset swap, while its npower retail division continued to suffer at the hands of a “persistently poor” UK market.
Innogy chief claims greater push is needed towards ‘new energy age’
Innogy CEO Uwe Tigges has stressed the importance of not only moving away from coal but pushing towards a “new energy age.”
With npower shelling jobs and even the quickest-growing independents struggling to turn a profit, it’s becoming increasingly clear that margin-based business models are a thing of the past. Liam Stoker reflects on a week which has proven the direction of travel for energy suppliers lies away from pure commodity sales.
Npower to lose 900 jobs in major cost reduction programme
Innogy-owned UK energy supplier npower has announced it will lose as many as 900 jobs over the coming year as part of a major cost reduction programme.
SSE and innogy pull the plug on proposed npower deal
SSE and innogy have pulled the plug on the proposed merger of their respective supply divisions, with SSE concluding that it would not now be “in the best interests of customers, employees or shareholders”.
SSE and npower merger hits the skids over price cap
SSE and innogy have been forced to renegotiate and possibly delay the proposed merger of their supply divisions, laying the blame squarely at Ofgem’s looming price cap.
SSE/Npower supply merger given final approval
The proposed merger of the supply divisions of SSE and Npower has been given the all clear from the Competition and Markets Authority following a five-month investigation.
RWE UK chief lays down five-minute settlement challenge to National Grid
The head of European utility giant RWE’s UK business Tom Glover has challenged National Grid to slash settlement periods to just five minutes by 2030.