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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It has taken 25 years of de-regulation for realisation that the Energy Market is in a mess. Whilst some of us brokers and consultants have been a small but insistent voice over the years, trying to persuade Suppliers not to deal with unprofessional TPIs (Third Party Intermediaries), finally Ofgem could have power and legislation to make this happen by the accreditation of energy brokers and TPIs
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The Deptartment of Energy and Climate Change subsidies for Renewable Energy have been very successful, the majority of the Feed-In tariff support going to Solar Energy Schemes, almost too successful perhaps.
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SSE, the UKs second largest energy generator, has recently announced plans to introduce a new, transparent approach to the management of its electricity supply. The innovative solution will see SSE auction all of its energy generated and demand purchased on the day ahead market.
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