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 Venezuela Expo Tattoo 2015: Extreme body art from 'Vampire Woman' to 109mm earlobes
- 3 Ball pool for adults opens in London
- 4 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
- 5 Canadian woman suing police who locked her in van with sex offender who then raped her
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Putin opponent reveals Russian President's daughter's secret identity
Ball pool for adults opens in London
Gay couple buy JebBushForPresident.com web domain, and refuse to sell
Canadian woman suing police who locked her in van with sex offender who then raped her
9 reasons Greece's experiment with the radical left is doomed to failure
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
Stephen Fry explains what he would say if he was 'confronted by God'
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
iJobs Money & Business
£40000 - £50000 per annum: Recruitment Genius: This is an exciting opportunity...
£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...