Wednesday, 20 November 2013

Npower sells 770,000 customer supply accounts.

Telecom Plus (Utility Warehouse) made the BBC news. Basically they are buying part of N Power so they can both have 4 separate tariffs instead of sharing 4 under new government / Ofgem legislation. 

Shares are up 16%, Shame the broadband offering is still pants though.

Where they stand in Energy. 

How many customers?

  • British Gas: 15.6m
  • SSE: 8.6m
  • Eon: 8m
  • Scottish Power: 5.6m
  • EDF: 5.4m
  • Npower: 4.7m
  • Telecom Plus: 1.2m

I'm fairly sure they are one of TalkTalk Businesses biggest PSTN and residential broadband resellers as well. 

Not sure how their MVNO business holds up. I don't think it'll hold a candle to Virgin, GiffGaff, Tesco mobile though.