Flash news on npower

Here are some flash news updates on Npower:

Latest News:

  1. Npower to cut 4,500 jobs: Npower, one of the Big Six energy suppliers in the UK, has announced plans to cut 4,500 jobs as part of a major restructuring effort. The company is looking to reduce costs and improve efficiency in the face of increasing competition and declining profits. (Source: BBC News)
  2. Npower's parent company, Innogy, sells stake: Innogy, the German energy company that owns Npower, has sold a 49% stake in the UK business to the Australian investment firm, Macquarie Group. The deal is worth £7.8 billion and is expected to help Npower reduce its debt and improve its financial position. (Source: The Telegraph)
  3. Npower's customer service under fire: Npower has faced criticism for its customer service, with many customers complaining about long wait times, poor communication, and difficulty in resolving issues. The company has promised to improve its service, but some customers remain dissatisfied. (Source: Which?)
  4. Npower's smart meter rollout delayed: Npower has delayed the rollout of its smart meter program, which was supposed to be completed by the end of 2020. The company is now expected to complete the rollout by the end of 2022. (Source: Energy Live News)
  5. Npower's prices to rise: Npower has announced plans to increase its prices for domestic customers, citing rising costs and a decline in wholesale energy prices. The price hike is expected to affect around 3.5 million customers. (Source: The Guardian)

Recent Developments:

  1. Npower's CEO resigns: Npower's CEO, Paul Massara, resigned from the company in January 2020, citing personal reasons. He was replaced by Chris Ramsey, who has been tasked with leading the company's restructuring efforts. (Source: Energy Voice)
  2. Npower's financial struggles: Npower has faced significant financial struggles in recent years, including a £1.4 billion loss in 2019. The company has been working to reduce its debt and improve its financial position. (Source: The Times)
  3. Npower's environmental efforts: Npower has announced plans to invest £1 billion in renewable energy projects over the next five years, as part of its efforts to reduce its carbon footprint. (Source: Energy Live News)