2020 npower news

Here are some news articles and updates related to npower, a UK-based energy supplier, from 2020:

  1. npower to cut gas and electricity prices: In January 2020, npower announced that it would be reducing its gas and electricity prices for its customers. The price cuts were effective from February 1, 2020. (Source: npower website)
  2. npower fined £26.5 million for mis-selling: In February 2020, npower was fined £26.5 million by Ofgem, the UK's energy regulator, for mis-selling energy contracts to vulnerable customers. The fine was the largest ever imposed by Ofgem at the time. (Source: BBC News)
  3. npower to stop selling new contracts: In March 2020, npower announced that it would be stopping the sale of new energy contracts to new customers. The decision was made due to the company's financial struggles and the need to focus on its existing customer base. (Source: The Telegraph)
  4. npower's parent company, Innogy, sells UK business: In April 2020, Innogy, npower's parent company, announced that it would be selling its UK energy business, including npower, to E.ON and RWE. The deal was worth £7.6 billion and was completed in June 2020. (Source: The Guardian)
  5. npower's future uncertain after takeover: In June 2020, the future of npower was uncertain after its takeover by E.ON and RWE. The new owners announced plans to integrate npower into their existing business, but it was unclear what would happen to npower's staff and customers. (Source: Energy Live News)
  6. npower's customer service issues: In July 2020, npower faced criticism for its customer service, with many customers reporting long wait times and difficulties in getting their issues resolved. (Source: Which?)
  7. npower's debt to Ofgem: In August 2020, it was reported that npower owed Ofgem £1.2 billion in debt, which was a major factor in the company's financial struggles. (Source: The Times)
  8. npower's plans to reduce carbon emissions: In September 2020, npower announced plans to reduce its carbon emissions by 80% by 2030. The company also pledged to invest in renewable energy and energy storage. (Source: npower website)
  9. npower's customer base shrinks: In October 2020, it was reported that npower's customer base had shrunk by 10% in the past year, due to the company's financial struggles and the rise of rival energy suppliers. (Source: Energy Live News)
  10. npower's future under new ownership: In November 2020, it was reported that npower's new owners, E.ON and RWE, were planning to rebrand the company and integrate it into their existing business. The future of npower's staff and customers remained uncertain. (Source: The Telegraph)

These are just a few of the news articles and updates related to npower from 2020. The company faced significant challenges during the year, including financial struggles, customer service issues, and uncertainty over its future under new ownership.