Energy provider RWE npower's profits for the very first half of 2013 are down 3% compared to this past year.
Their half year results released yesterday show its retail business made GBP 176 million, a fall on 2012's functionality for exactly the same interval.
The company which supplies electricity and gas to 6.5 million residential and business customers place the drop in profits down for the price of delivering government energy efficiency systems and raised network costs. Additionally, it fingered the price of bringing in new simplified tariffs for national customers.
A drop in national supply of 12% was partially down to a drop along with fewer customers in electricity use, it said.
Results were saved by increased gasoline sales within the 2nd quarter of the full year to the rear of "lengthy colder weather" before within the year.
The company said some "important changes" were afoot to cut prices for your company and its particular customers.
"To do this we must make some important changes and, while some of these can be challenging, I consider it's the right thing for both our clients as well as our company.
The provider's parent company RWE found a similar "gains shortfall" in its power generation company, which chief executive Peter Terium credited to Europe's "persistently low prices to the electricity markets" in a letter to investors.
Earlier this week another German owned UK provider, E.ON, posted a 15% surge in half year gains.
Their half year results released yesterday show its retail business made GBP 176 million, a fall on 2012's functionality for exactly the same interval.
The company which supplies electricity and gas to 6.5 million residential and business customers place the drop in profits down for the price of delivering government energy efficiency systems and raised network costs. Additionally, it fingered the price of bringing in new simplified tariffs for national customers.
A drop in national supply of 12% was partially down to a drop along with fewer customers in electricity use, it said.
Results were saved by increased gasoline sales within the 2nd quarter of the full year to the rear of "lengthy colder weather" before within the year.
The company said some "important changes" were afoot to cut prices for your company and its particular customers.
"To do this we must make some important changes and, while some of these can be challenging, I consider it's the right thing for both our clients as well as our company.
The provider's parent company RWE found a similar "gains shortfall" in its power generation company, which chief executive Peter Terium credited to Europe's "persistently low prices to the electricity markets" in a letter to investors.
Earlier this week another German owned UK provider, E.ON, posted a 15% surge in half year gains.