National Power

This article is about the defunct energy company. For the political term, see National power.

National Power
Company typePublic
IndustryEnergy
Founded1990
Defunct2001
Fatedemerged into Innogy and International Power
SuccessorInnogy
International Power
HeadquartersLondon, England
ProductsGas and Electricity

National Power was an energy company based in the United Kingdom.

History

See also: Central Electricity Generating Board § Privatisation, and British Energy § History

National Power was formed following the privatisation of the UK electricity market in 1990.[1] In England and Wales the Central Electricity Generating Board, which was responsible for the generation and transmission of electricity, was split into four companies. Its generation (or upstream) activities were transferred to three generating companies, National Power, Nuclear Electric and PowerGen, and its transmission (or downstream) activities to the National Grid Company.[2][3]

National Power was the largest of these new companies having around 52 percent of the generating market. It later diversified into the supply market in November 1998 by purchasing the supply business of the regional electricity company Midlands Electricity and created the Npower supply brand.[4]

On 2 October 2000 following investor pressure the company demerged into two separate companies Innogy, which was responsible for the UK based operations, and International Power, which took over the international operations.[5][6][7] Innogy is now known as Npower and is owned by RWE while International Power is owned by Engie.

References

  1. ^ "A whole world sold on sell-offs". The Guardian. 22 November 2000. Retrieved 26 March 2016.
  2. ^ The CEGB Story Archived 2012-12-09 at archive.today by Rob Cochrane (with additional research by Maryanna Schaefer) (1990)
  3. ^ "Lessons from Liberalised Electricity Markets" IEA / OECD (2005) Archived May 17, 2014, at the Wayback Machine
  4. ^ Eneryquote: Timeline Archived January 27, 2008, at the Wayback Machine
  5. ^ National Power splits in two BBC News 17 November 1999
  6. ^ "Plugging into Nat Power split". The Daily Telegraph. Archived from the original on 5 April 2019.
  7. ^ "International Power PLC History". Retrieved 11 July 2012.