Npower teach latest news

Here are the latest news updates on npower, a UK-based energy supplier:

Recent News

  1. npower to be sold to E.ON: In October 2020, it was announced that E.ON, another major UK energy supplier, would acquire npower's retail business for £650 million. The deal is expected to complete in 2021, subject to regulatory approval. (Source: BBC News)
  2. npower's customer base shrinks: According to a report by Ofgem, the UK's energy regulator, npower's customer base has been declining in recent years. As of 2020, the company had around 4.5 million customers, down from 6.5 million in 2017. (Source: The Telegraph)
  3. npower's energy prices to rise: In August 2020, npower announced that it would be increasing its energy prices for around 1.5 million customers. The price hike was attributed to rising wholesale energy costs and other market factors. (Source: The Guardian)
  4. npower's customer service ratings improve: According to a survey by Which?, a UK consumer advocacy group, npower's customer service ratings improved in 2020. The company scored 64% in the survey, up from 59% in 2019. (Source: Which?)

Upcoming Events

  1. npower's annual results: npower is expected to release its annual results for 2020 in the coming months. The results will likely provide insight into the company's financial performance and customer base.
  2. E.ON's integration plans: Following the acquisition of npower, E.ON is expected to announce its plans for integrating the two companies. This may include changes to npower's operations, customer service, and pricing.

Industry Trends

  1. Renewable energy growth: The UK energy market is experiencing a shift towards renewable energy sources, with npower and other suppliers investing in wind, solar, and other low-carbon technologies.
  2. Energy efficiency measures: npower and other suppliers are promoting energy efficiency measures, such as smart meters and energy-efficient appliances, to help customers reduce their energy consumption and bills.

Please note that the news and events listed above are subject to change and may not be comprehensive.