Germans and French in London power struggle
Monday 07 April 2003
A power struggle is looming between the German-owned Innogy and the French-controlled London Electricity to win more energy customers in the capital.
Innogy, now part of the German utility RWE, is preparing to launch a campaign this summer through its retail arm npower to wrest customers away from LE, which is owned by the state-run Electricité de France.
RWE also owns Thames Water, which supplies 13 million customers in London and the South-east. However, only 500,000 of these buy gas or electricity from npower, which has a total of 6.5 million customers.
Brian Count, the chief executive of Innogy, believes there is huge scope to cross-sell gas, electricity and even telephone services to Thames Water's huge customer base, the biggest of any UK water company. The aim eventually is for customers of Thames and npower to receive a single combined bill for all their water and energy consumption.
LE Group, which has 5.2 million retail customers in the UK across its four brands, is intent on hitting back, however, and is drawing up plans to introduce a single, nationwide energy brand itself. Currently its four brands are London Electricity, Seeboard, Virgin Energy and Sweb. It has ruled out the idea of branding itself EdF which, though a national institution in France, is virtually unknown in the British market.
Innogy claims to be the biggest electricity provider in the UK following its acquisition of Northern, Yorkshire and Midlands Electricity which brought it 5.7 million customers. The other big suppliers are Centrica, the owner of British Gas, with 13 million gas and electricity customers, and Eon, also of Germany which owns both East Midlands Electricity and TXU, which was formerly known as Eastern Electricity.
- 1 Isis propaganda video shows 25 Syrian soldiers executed by teenage militants in Palmyra
- 2 Number of young homeless people in Britain is 'more than three times the official figures'
- 3 The map showing the most dangerous tourist destinations in Europe, according to the Foreign Office
- 4 The biggest first date turnoff has been revealed
- 5 German man found living with 300 rats in tiny apartment
BBC told new political editor must be 'impartial' with Nick Robinson reportedly stepping down
Humans of New York image of crying gay teen receives best response yet from Ellen DeGeneres
Isis propaganda video shows 25 Syrian soldiers executed by teenage militants in Palmyra
Number of young homeless people in Britain is 'more than three times the official figures'
Van driver who comforted Clark Carlisle and called 999 after suicide attempt dies age 24
More Britons believe that multiculturalism makes the country worse - not better, says poll
Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
Greece crisis: IMF was pushed around by Angela Merkel and Nicholas Sarkozy – and now it is being humiliated
'I wish the BBC would stop calling it Islamic State' – David Cameron unleashes frustration at broadcaster
Forget little green men – aliens will look like humans, says Cambridge University evolution expert
Girl, 7, stares down hate preacher at Ohio festival with pro-LGBT rainbow flag gesture
iJobs Money & Business
£15000 - £17000 per annum: Recruitment Genius: This company offers a range of ...
£15000 - £16000 per annum: Recruitment Genius: Customer Service Advisors are r...
£20000 - £25000 per annum + OTE £45K: SThree: SThree were established in 1986....
£40000 - £60000 per annum: Recruitment Genius: A Compliance Manager is require...