NPower and its ever increasing profits.

February 23, 2008

NPower, the country’s fourth biggest supplier, announced a 41 per cent leap in profits. Hopefully it’s not just me but haven’t your bills been going up and not down? It seems the nPower has decided that by raising the gas prices by reportedly 17% it is somehow making up for costs its incurring? No I don’t think so; Fresh concern has been raised about nPower and its increasing profit margins while we, the consumer, suffer higher bills. NPower reportedly says “We saw major performance improvements from our power stations in 2007 – which gave us an acceptable level of profit for the first time since 2003”. I say why don’t you pass on these profits in the form of lower bills instead of retaining them!

Time to invest in this. Anyone down with me to invest on this?

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Posted in Business/Stocks