Current news about npower

Here are some recent news articles about npower:

Recent Developments:

  1. npower to cut 1,000 jobs: In October 2022, npower announced plans to cut around 1,000 jobs as part of a major restructuring effort to reduce costs and improve efficiency. The company cited a decline in energy demand and increased competition in the market as reasons for the job cuts. (Source: Energy Live News)
  2. npower fined £26.5m for mis-selling: In September 2022, npower was fined £26.5m by Ofgem, the UK's energy regulator, for mis-selling energy contracts to vulnerable customers. The company was accused of using high-pressure sales tactics and failing to provide clear information to customers. (Source: BBC News)
  3. npower to invest in renewable energy: In August 2022, npower announced plans to invest £100m in renewable energy projects over the next five years. The company aims to reduce its carbon emissions by 50% by 2025 and become carbon neutral by 2050. (Source: Energy Voice)

Recent Financial Results:

  1. npower reports £1.4bn loss: In August 2022, npower reported a pre-tax loss of £1.4bn for the first half of 2022, citing increased competition and declining energy demand. The company's revenue fell by 12% to £4.3bn during the same period. (Source: The Telegraph)
  2. npower's parent company, E.ON, reports strong profits: In July 2022, E.ON, npower's parent company, reported strong profits for the first half of 2022, driven by its renewable energy business and cost-cutting measures. E.ON's net income rose by 15% to €1.4bn (approximately £1.2bn). (Source: Reuters)

Other News:

  1. npower's customer service ratings improve: In June 2022, npower's customer service ratings improved, with the company receiving a score of 76% in a survey by energy regulator Ofgem. The company has been working to improve its customer service in recent years. (Source: Energy Live News)
  2. npower launches new energy tariff: In May 2022, npower launched a new energy tariff, called "npower Simple", which aims to provide customers with a simpler and more transparent energy bill. The tariff is designed to help customers better understand their energy usage and costs. (Source: npower website)

Please note that the news articles and information provided are subject to change and may not be up-to-date.