Any news on npower 2017 2018

Npower, a UK-based energy supplier, has undergone significant changes in recent years. Here are some key updates related to Npower's performance in 2017-2018:

  1. Financial struggles: In 2017, Npower's parent company, Innogy SE, announced plans to sell the UK business due to financial struggles. The company had been facing increasing competition and rising costs, which had impacted its profitability.
  2. Takeover by E.ON: In August 2018, E.ON SE, another German energy company, acquired Npower's retail and customer-facing operations in the UK. The deal was worth around £7.8 billion and created one of the largest energy suppliers in the UK.
  3. Job losses: As part of the takeover, E.ON announced plans to cut around 4,500 jobs from Npower's workforce, which was approximately 18% of the company's total staff. The job losses were mainly due to the elimination of duplicate roles and the integration of the two companies.
  4. Customer service issues: During the transition period, some Npower customers experienced issues with their energy supply, including delayed payments and disruptions to their services. E.ON has since worked to resolve these issues and improve customer service.
  5. Price changes: In 2018, Npower increased its prices for both gas and electricity, citing rising wholesale costs and other market factors. The price changes affected around 8 million customers.
  6. Renewable energy investments: Despite the challenges, Npower has continued to invest in renewable energy projects, including wind farms and solar parks. In 2018, the company announced plans to invest £1.5 billion in renewable energy projects over the next five years.
  7. Customer base: As of 2018, Npower had around 11 million customers in the UK, making it one of the largest energy suppliers in the country.

Overall, Npower's performance in 2017-2018 was marked by significant changes, including the takeover by E.ON and the resulting job losses and customer service issues. However, the company remains committed to investing in renewable energy and improving its customer service.