Big Six supplier npower fined £2.4m over advanced meter failings

Ofgem said it failed to install nearly 4,000 advanced meters for business customers by the April 2014 deadline

npower first-quarter pre-tax profits hit £37m

This is despite the energy giant’s domestic customer accounts dropping by 66,000 year-on-year

Energy price rise hits one million npower customers

It will add around £64 to a typical dual fuel annual bill

Competition watchdog refers SSE-npower merger for in-depth investigation

Its initial investigation found the deal could potentially increase energy prices for some consumers

CMA: SSE-npower merger could increase energy prices

The competition watchdog is seeking remedies from the companies to prevent a more in-depth investigation on their proposed tie-up

Competition watchdog investigates SSE-npower merger

The Competition and Markets Authority (CMA) has launched an investigation into the proposed merger of SSE Retail and npower. It will assess whether the new company, which would serve around 11.5 million domestic customers, could significantly reduce competition. The deal could possibly see the Big Six turn into a Big Five. The competition watchdog said: […]

Most UK businesses support new carbon reporting framework

A new energy and carbon reporting framework is supported by 87% of decision makers in British businesses. That’s according to new research from npower Business Solutions, which shows these stakeholders believe this is likely to drive a nationwide reduction in companies’ energy use, bills and carbon emissions. The survey of 500 senior figures suggests reduced […]

MPs call for investigation into SSE-npower merger

The Business, Energy and Industrial Strategy (BEIS) Committee is calling for an investigation into the proposed merger between Big Six firms SSE and npower. It has written to the Competition and Markets Authority (CMA) to launch a probe as it is concerned the merger may lessen competition and affect energy consumers. The merger would reduce […]

SSE and npower agree domestic energy merger

SSE and npower have agreed to merge their domestic businesses to form a new energy giant. SSE’s shareholders will hold 65.6% of the stake in the new energy company while innogy, npower’s parent company, will hold a minority interest of 34.4%. innogy will also receive a break fee of £60 million if SSE’s shareholders fail […]

Big Six suppliers SSE and npower in merger talks

Big Six companies SSE and npower are in talks about merging their businesses to create a giant energy supplier in the UK. German utility innogy, parent company of npower, and SSE are in “advanced exclusive discussions” about combining their gas and electricity supply business in Britain. Such a deal would possibly see the Big Six […]