RWE npower
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| Public limited company | |
| Industry | Energy |
| Founded | 2000 (as Innogy plc) 2002 (as RWE npower) |
| Headquarters | Swindon, England, UK |
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Key people
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Paul Coffey, CEO |
| Products | Gas and electricity |
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Number of employees
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11,501 |
| Parent | Innogy |
| Website | www |
Npower Limited (trading as npower) is a UK-based electricity generator and supplier of gas and electricity to homes and businesses, formerly known as Innogy plc. As Innogy plc it was listed on the and was a constituent of the FTSE 100 Index. In 2002 it was acquired by RWE of Germany and was subsequently renamed RWE npower plc. RWE split-off its renewable energy, network and retail divisions as Innogy SE in 2016, and npower transferred to the new business.
It is considered as one of the Big Six Energy Suppliers, which dominate the gas and electricity market in the United Kingdom.
The company established the Innogy plc from the UK operations of National Power when the overseas operations were demerged as International Power plc in 2000.
Innogy plc then went on to purchase the regional electricity company Yorkshire Electricity in 2001. It later disposed of the distribution side of Yorkshire Electricity to CE Electric UK in exchange for the supply business of Northern Electric. Innogy plc was taken over by the German energy company RWE in 2002 and renamed RWE npower plc with all the supply business adopting the "npower" brand.
In February 2006 Npower acquired 19% of Telecom Plus, a business which now provides Npower with management services, such as billing, customer service, metering, debt collection and administration: under the deal Npower can increase its stake in Telecom Plus up to 29%. In 2009 Npower acquired Superior Plumbing, a business providing services to social housing and business customers across the UK.
In 2010, Npower acquired SPI Group to add to its energy services business Npower Hometeam. SPI provides services to the social housing market and its commercial arm serves public buildings, including schools.
In 2013, however, Npower sold the two former Telecom Plus subsidiaries back to Utility Warehouse for £218 million. As a result, Utility Warehouse became one of the largest independent energy suppliers in the UK with over 500,000 customers and 770,000 gas and electricity supply points to their name. The deal also sparked commentary about the possibility of Npower's parent company RWE leaving the UK, or the emergence of a "Big Seven" in place of the existing Big Six Energy Suppliers.
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Wikipedia