Npower's chief executive Paul Coffey said the results “reflect how tough the market is for energy suppliers”.
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Customer loss
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Centrica said “rising wholesale energy costs” and “extreme cold weather” put pressure on UK energy supply margins and additional costs in UK services.
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Last week Centrica announced it had lost 823,000 customers in four months. It was then hit by a record fall in share price and its worst ever day on the stock market. The papers would have you believe the company’s down and out, but the industry sees things differently.
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