RWE is to close its 1.56GW Aberthaw B coal-fired power station in March 2020, taking the UK’s operational coal fleet down to four.
E.On has ramped up its renewable offering, committing to providing 100% renewable energy to all of its residential customers.
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.
Centrica and E.On, two of the UK’s largest energy retailers, have lamented the challenging UK retail market in trading updates issued this morning.
RWE has shelved plans for a new coal-fired power station in Germany, announcing that new coal-fired units “no longer have a place” in its strategy.
E.On has reported strong performance from its renewables and networks divisions, but cited “unrelentingly fierce competition” in European supply markets for sliding returns from its solutions arm.
Global energy giant RWE is on the “home straight” of its asset swap with E.On and establishing itself as a renewables powerhouse, the company said today.
The Competition and Markets Authority (CMA) has launched an inquiry into the so-called ‘mega merger’ between RWE and E.On.
RWE has assembled a team of six industry stalwarts to leads its renewables business ahead of its planned deal with E.On.