Big Six must collaborate on distributed tech or risk lagging behind ‘by eons’
The Big Six need to get a grip of technological evolutions and must be prepared to collaborate with new partners to do so, or risk getting left behind.
Articles tagged with: npower
Liam Stoker takes a look at recent rumours and stories surrounding the UK’s energy retail market, and what they might spell for both the Big Six and the market in general.
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.
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.