Npower made a loss of 155 million British pounds in its domestic energy supply business in the UK in 2019. Between 2009 and 2019, the company recorded a loss in almost all years. In 2009, the Big Six energy supply reported a loss of 238 million British pounds. Domestic energy supply profits increased to the peak in 2013, at 132 million British pounds.
The company was established in 2000 as Innogy plc. Later on, the German electric utility RWE took over Innogy and renamed it RWE npower plc. In 2016, RWE split its renewable energy, network and retail businesses into a new company, Innogy SE. Npower Limited was a subsidiary of this new company, while fossil fuels energy power stations became part of RWE Generation UK plc. By the end of 2019, npower Limited was acquired by E.ON UK, and all customers will migrate to E.ON Next in 2020.
Domestic energy supply profits of npower Limited in the United Kingdom (UK) from 2009 to 2019
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Profit in million British pounds
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Since 2009, the Office of Gas & Electricity Markets (OFGEM) require the so-called 'Big Six' large energy suppliers to provide an annual consolidated statement (CSS) to show the costs, revenues and profits for the different segments of their generation and supply businesses.
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Ofgem, & RWE. (August 25, 2020). Domestic energy supply profits of npower Limited in the United Kingdom (UK) from 2009 to 2019 (in million British pounds) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/521499/rwe-npower-domestic-energy-supply-profits-uk/
Ofgem, und RWE. "Domestic energy supply profits of npower Limited in the United Kingdom (UK) from 2009 to 2019 (in million British pounds)." Chart. August 25, 2020. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/521499/rwe-npower-domestic-energy-supply-profits-uk/
Ofgem, RWE. (2020). Domestic energy supply profits of npower Limited in the United Kingdom (UK) from 2009 to 2019 (in million British pounds). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/521499/rwe-npower-domestic-energy-supply-profits-uk/
Ofgem, and RWE. "Domestic Energy Supply Profits of Npower Limited in The United Kingdom (Uk) from 2009 to 2019 (in Million British Pounds)." Statista, Statista Inc., 25 Aug 2020, https://www.statista.com/statistics/521499/rwe-npower-domestic-energy-supply-profits-uk/
Ofgem & RWE, Domestic energy supply profits of npower Limited in the United Kingdom (UK) from 2009 to 2019 (in million British pounds) Statista, https://www.statista.com/statistics/521499/rwe-npower-domestic-energy-supply-profits-uk/ (last visited August 24, 2024)
Domestic energy supply profits of npower Limited in the United Kingdom (UK) from 2009 to 2019 (in million British pounds) [Graph], Ofgem, & RWE, August 25, 2020. [Online]. Available: https://www.statista.com/statistics/521499/rwe-npower-domestic-energy-supply-profits-uk/