Worries and an uncertain future continue to loom for employees of UK energy company Npower. The company is in the middle of its 2-year restructuring process and as part of this restructuring, the company’s new owner, E.ON, will gradually merge Npower’s business with their own. This, however, is not the first time such a merger has been on the cards for Npower.
As the entire UK community comes together to battle the Covid-19 outbreak, businesses have also been going the extra mile to help those in need. Drax- the energy company, has helped several sections of society battle the pandemic – here’s how:
Npower, one of the big-6 energy suppliers, reported that it had seen over 261,000 customers leave them between July and September in 2019. Similarly, E.ON also reported that its customer numbers continued to fall last year.
Ofgem, UK’s electricity and gas markets regulator, has now approved SSEN’s (Scottish & Southern Electricity Networks’ subsea electricity transmission link with a capacity of 600MW. This transmission link connecting mainland Scotland and Shetland would be constructed for transmission of renewable energy from Shetland’s wind power farms to Great Britain.
David Johnson, an E.ON customer, was in for quite the shock when he was given a bill for £19,500 from his energy supplier, What makes this even more shocking is the fact that he was using a prepayment meter and had always paid his power bills upfront.
Thousands of workers have been laid off from work in the past twelve months since Npower’s turbulent struggle with corporate exposure, level of debt, and the subsequent merger with E.ON.
Several reports surfaced in January 2019 alleging that job cuts are in the future for Npower which became