Npower update news now

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

Latest 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 the first half of 2021.
  2. Price increases: npower has recently increased its prices for both gas and electricity, citing rising wholesale costs. The price hikes affect both domestic and business customers.
  3. Customer service issues: npower has faced criticism for its customer service in recent years, with some customers reporting long wait times and difficulties in resolving issues.
  4. Smart meter rollout: npower is continuing to roll out smart meters to its customers, which allow for more accurate and efficient meter readings.
  5. Renewable energy investments: npower has invested in several renewable energy projects, including wind farms and solar parks, to reduce its carbon footprint and meet government targets.

Recent Updates:

  1. npower's 2020 results: In its 2020 annual report, npower reported a revenue decrease of 12% to £4.3 billion, due to a decline in customer numbers and lower energy prices.
  2. Customer satisfaction ratings: npower's customer satisfaction ratings have improved slightly in recent years, according to industry watchdog Ofgem. However, the company still lags behind other major energy suppliers in terms of customer satisfaction.
  3. npower's community investment: npower has committed to investing £1 million in community projects across the UK, focusing on energy efficiency, education, and community development.

Upcoming Events:

  1. E.ON's acquisition completion: The acquisition of npower by E.ON is expected to complete in the first half of 2021, subject to regulatory approval.
  2. npower's annual general meeting: npower's annual general meeting is scheduled for [insert date], where shareholders will discuss the company's performance and strategy.

Please note that the information provided is subject to change and may not be up-to-date. For the latest news and updates on npower, I recommend visiting the company's website or following reputable news sources.