npower

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npower Limited

logo
legal form Public Limited Company
founding 1990
Seat Swindon , UK
management Glenn Chapman, Anthony Ainsworth, Christopher Pilgrim, Jason Scagell, Simon Stacey, Christopher Thewlis
Number of employees 1,708
sales GBP 3.568 billion
approx. EUR 3.99 billion
Branch power supply
Website www.npower.com
As of December 31, 2018

npower , headquartered in Swindon, is an energy supply company in the E.ON Group (formerly with the RWE subsidiary Innogy ) in Great Britain. It is an electricity and natural gas supplier.

development

As part of the privatization of the British electricity market in 1990, the Central Electricity Generating Board , which operates in England and Wales , was split into the three companies Powergen , National Power and Nuclear Electric and the national grid company .

In November 1998, National Power took over the regional power company Midlands Electricity and developed the power brand npower . In 2001, at investor pressure, National Power was split into two companies, Innogy for national UK business and International Power for international business. The new Innogy was traded on the London Stock Exchange from mid-2001 and was included in the FTSE 100 index .

In March 2002, Innogy was taken over by RWE for 4.3 billion euros and renamed RWE npower . In 2016, RWE spun off the previous RWE Innogy division for renewable energy, grids and energy as Innogy SE and brought almost a quarter of the shares in the new company to the stock exchange. npower was incorporated into this new company as a subsidiary. As part of the acquisition of Innogy by E.ON, the company became part of the E.ON Group in 2019.

Individual evidence

  1. a b Full accounts made up to 31 December 2018 , accessed on 22 August 2020
  2. RWE Is Set to Buy Innogy . In: The New York Times . March 18, 2002 ( nytimes.com ).
  3. Innogy SE on the stock exchange. Retrieved October 3, 2017 .
  4. About npower. Retrieved October 3, 2017 .