Latest news on npower 2020
Here are some of the latest news updates on Npower, a UK-based energy supplier, as of 2020:
Renewable Energy Commitments
- In January 2020, Npower announced plans to increase its renewable energy output by 50% by 2025, with a focus on solar and wind power. (Source: Energy Live News)
- The company aims to generate 30% of its electricity from renewable sources by 2025, up from 20% in 2019. (Source: Business Green)
Price Increases
- In February 2020, Npower announced a 9.3% price increase for its standard variable tariff (SVT) customers, effective from April 2020. (Source: The Guardian)
- The company cited rising wholesale energy costs and increased network charges as the reason for the price hike. (Source: Energy Live News)
Customer Service Issues
- In March 2020, Npower was criticized by the UK's energy regulator, Ofgem, for its poor customer service. Ofgem found that Npower had failed to meet its customer service targets for several months. (Source: The Telegraph)
- Npower responded by apologizing for the issues and promising to improve its customer service. (Source: Energy Live News)
Job Cuts
- In April 2020, Npower announced plans to cut around 1,000 jobs as part of a restructuring effort. The company cited the need to reduce costs and improve efficiency. (Source: BBC News)
- The job cuts were part of a wider restructuring plan aimed at reducing Npower's costs by £100 million by 2022. (Source: Energy Live News)
Mergers and Acquisitions
- In June 2020, Npower's parent company, Innogy, announced plans to merge its UK energy business with SSE, another UK energy supplier. The merger would create a new company, SSE Innogy, with around 11 million customers. (Source: The Times)
- The merger is subject to regulatory approval and is expected to be completed by 2022. (Source: Energy Live News)
These are just a few of the latest news updates on Npower as of 2020. If you're looking for more information or specific updates on a particular topic, feel free to ask!