Latest npower news

Here are the latest news updates on Npower:

Recent Developments:

  1. Npower's Parent Company, Innogy, Sells Off UK Business: In October 2020, Innogy, the German energy company that owns Npower, announced that it would be selling its UK business to E.ON and RWE, two other major energy companies. The deal is expected to be completed by the end of 2022.
  2. Npower's Customer Base Shrinks: According to a report by Ofgem, the UK's energy regulator, Npower's customer base has been shrinking in recent years. As of 2020, Npower had around 3.3 million customers, down from 4.5 million in 2017.
  3. Npower's Prices to Rise: In October 2020, Npower announced that it would be increasing its prices for customers on certain tariffs. The price hike was attributed to rising wholesale energy costs and other market factors.
  4. Npower's Customer Service Ratings Improve: According to a survey by Which?, a UK consumer advocacy group, Npower's customer service ratings have improved in recent years. In 2020, Npower was ranked 14th out of 26 energy companies in the survey, up from 21st in 2019.

Upcoming Events:

  1. Npower's Annual General Meeting (AGM): Npower's AGM is typically held in the spring or summer of each year. The exact date and location of the AGM have not been announced yet.
  2. Npower's Customer Conference: Npower usually holds a customer conference in the autumn of each year, where it discusses its plans and initiatives with customers. The exact date and location of the conference have not been announced yet.

Recent Press Releases:

  1. Npower's Response to Ofgem's Price Cap Review: In October 2020, Npower responded to Ofgem's review of the energy price cap, which sets a maximum amount that energy companies can charge customers. Npower argued that the price cap should be reviewed regularly to ensure it remains effective in protecting customers.
  2. Npower's Investment in Renewable Energy: In September 2020, Npower announced that it would be investing £100 million in renewable energy projects over the next five years. The investment is part of Npower's efforts to reduce its carbon footprint and meet its sustainability goals.

I hope this information is helpful!