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February 09, 2016 11:20 PM ET

Electric Utilities

Company Overview of RWE npower

Company Overview

Npower Limited supplies gas, electricity, and related services to residential and business customers in the United Kingdom. It operates and manages a portfolio of coal, gas, and oil-fired power stations, as well as a portfolio of cogeneration plants. The company was incorporated in 1998 and is based in Warndon, United Kingdom with additional offices across the North East. Npower Limited operates as a subsidiary of RWE AG.

npower centre

Oak House

Bridgwater Road

Warndon,  WR4 9FP

United Kingdom

Founded in 1998

Phone:

44 1793 877 777

Fax:

44 1793 892 525

Key Executives for RWE npower

Chief Operating Officer
Age: 46
Managing Director of Retail Operations
Head of Community and Education
Director of Energy Services
Retail Finance Director
Compensation as of Fiscal Year 2015.

RWE npower Key Developments

Powershop New Zealand Limited Enters Deal with RWE npower

Meridian Energy Limited announced that its wholly owned subsidiary company Powershop New Zealand Limited ("Powershop") has entered into a franchise license agreement with RWE npower ("npower") to take its successful utility customer service platform and distinctive consumer brand to the UK. The nature of the agreement gives Powershop access to the UK domestic electricity and gas markets without carrying wholesale energy market exposure.

RWE npower Announces Management Changes

RWE AG is acting on the unexpectedly negative mid-year result for 2015 at UK subsidiary RWE npower. Paul Coffey is to become the new CEO of RWE npower as well as Country Chair UK. Dirk Simons, currently CFO of RWE Innogy, will become COO. Martin Miklás, currently CFO at RWE Polska, will take over as CFO. Current CEO Paul Massara and CFO Jens Madrian will leave RWE npower on their own wishes and by mutual agreement. Paul Coffey transferred from his position as COO of RWE Innogy to RWE npower on April 1, 2015. He has therefore had the opportunity to become familiar with current conditions at the company over the past few months. Coffey has many years of experience in many areas of the European energy industry, from the power plant business, to electricity distribution and supply, right up to trading and risk management. He has been with the RWE Group since its entry into the UK energy market in 2003. Dirk Simons has been with the RWE Group since 1997, currently as CFO of RWE Innogy. In addition to the classical finance business he is responsible for the Organisation & Information Management division and the Procurement divisions. After moving through positions in the areas of finance and controlling, Simons became head of finance at RWE Key Account, Transgas and RWE East. Martin Miklás has been with the RWE Group since it bought a shareholding in VSE. He has been CFO of RWE Polska since 2011, where he is also responsible for invoicing systems and IT.

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