Npower’s continued inability to contribute to the coffers of parent RWE looks likely to move them up the cost saving and asset disposal list.

As RWE struggle to come to grips with the phase-out of nuclear energy in 2022, net debt of over £24 billion, a less than anticipated return on a recent share sale, loss-making long-term gas deals and its failure to setup a joint venture with Gazprom for the takeover of all European generation including the UK, it doesn’t bode well.

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Whilst some of this may sound familiar to many of you subscribed to our news feed, we probably need to keep highlighting the unfair nature of the non-competitive business electricity and gas markets so when the opportunity comes along to voice your opinion or push for change you are aware that it is still an issue yet to be addressed in fairness to business customers.
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[/caption]British Gas have canceled their annual conference. This may well have been an excellent opportunity to hear BGB extolling their Smart meter successes, or reassuring businesses that slashing more than £100 million out of back Office Staff wouldn’t impact on Service Levels.

Businesses were probably as keen to try and understand how BGB’s current focus on increasing the value extracted from Business users would sit with a professed intention to offer high levels of service to SME groups.
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