npower 'could be sold for £5bn' - 04/07/2011
Domestic energy users might be inclined to switch gas deals after hearing that npower could be sold for up to £5 billion.
The energy supplier's parent company RWE has reportedly invited investment banking firm Goldman Sachs to come up with options for npower, one of which includes selling the company for billions of pounds.
Tim Yeo MP, chair of the Energy and Climate Change select committee, told the Telegraph that the potential sale of npower is "worrying" because it could lead to a decline in investment in the UK's energy future.
"In the work my committee has done this year we have seen a problem in how we will attract the investment needed into this industry," he said.
"We will not get it if companies can see better returns elsewhere in countries with more sympathetic regulations and policies."
Meanwhile, British Gas has also hinted again that it could be raising prices for its gas and electricity customers soon.
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