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SSE energy

  • Ovo sues Talktalk over failed broadband customer deal

    Telecoms

    Ovo Energy has launched legal action against Talktalk over a dispute stemming from a failed broadband customer transfer, adding pressure on both companies as they battle financial challenges. The claim centres on a 2022 deal in which Ovo sold a telecoms business, originally acquired through its takeover of SSE Energy Services , to Talktalk, transferring [...]

    Stephen Fitzpatrick is the billionaire founder of Ovo Energy.
  • Zonal pricing proposals backed by peers

    Energy

    Plans to introduce a “zonal pricing” regime to the UK’s electricity market have been backed by an influential group of Lords. A report from the Industry and Regulators Committee found regional pricing “should enable better use of existing grid capacity” and lower the cost of electricity, provided the transition and its risks are “managed well.” [...]

    UK industrial electricity prices are the highest in the G7 and 46 per cent above the average of the International Energy Agency.
  • SSE cuts investment and warns it won’t meet 2030 net zero goal

    Energy

    SSE, one of the UK’s biggest energy companies has said it is unlikely to meet its 2030 renewable goal in the latest blow to the government’s net zero plans. SSE said it decided to cut capital investment by as much as £3bn over the next five years, citing macroeconomic uncertainty and planning obstacles. The Perth-based [...]

    Banks are reluctant to finance offshore wind projects according to a new report
  • SSE reaffirms guidance as adverse weather drives renewables output

    February 5, 2025

    Energy supplier SSE reaffirmed full-year guidance this morning as variable weather ramped up renewable energy output. The London-listed firm expects adjusted earnings per share of between 154p to 163p and also maintained its operating profit targets. Output from SSE renewables was up by just over a quarter year-on-year over the first nine months, reflecting the [...]

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