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SSE

  • 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.” [...]

  • Zonal pricing would mean a postcode lottery for energy

    Opinion

    Anyone with a a serious interest in building, making or investing anything in Britain knows that creating a postcode lottery for energy prices will lead to uncertainty and higher prices for consumers, says Alistair Phillips-Davies Since Labour took office, a central question has emerged: can it reduce household energy bills by £300 and deliver the [...]

  • SSE boss: Zonal pricing would be a ‘huge mistake’

    Energy

    Introducing a zonal pricing scheme to the UK’s electricity market would be a “huge mistake,” the chief executive of SSE has said. Writing in City AM, the Scottish energy firm’s outgoing boss Alistair Phillips-Davies argued such a move would create a “postcode lottery” where some households would pay £200 to £300 more “simply because of [...]

  • SSE cuts investment and warns it won’t meet 2030 net zero goal

    May 21, 2025

    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 [...]

  • 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 [...]

  • Global dividends hit record high despite UK drop off

    November 21, 2024

    Global dividends hit a record third quarter high in 2024 after rising to $431.1bn (£340.7bn), despite a sharp drop off in UK payouts. Globally, 9 companies in ten (88 per cent) increased their dividends or held them flat, but UK dividends fell seven per cent to $25.8bn (£20.4bn) thanks in large part to mining sector [...]

  • Scottish wind lifts SSE’s profit as boss says he will step down

    November 13, 2024

    London-listed energy giant SSE delivered a substantial increase in pretax profit as boss Alistair Phillips-Davies, said he would stand down next year after more than 11 years at the helm. In the six months to September, SSE’s adjusted pretax profit rose 26 per cent, climbing to £714.5m up from £565.2m in the same period last [...]

  • SSE: Scottish developer confirms it will build the biggest wind farm in the North Sea

    July 9, 2024

    London-listed developer SSE and its joint venture partner APG have confirmed they will move forwards with a project to build what will become the biggest offshore wind farm in the North Sea.

  • SSE profit and earnings per share drop despite Dogger Bank launch

    May 22, 2024

    Scottish Energy giant SSE saw its operating profit and earnings per share fall within its guidance in its full year results.

  • Stormy weather hits SSE’s output and delays construction of world’s largest wind farm

    February 8, 2024

    Dogger Bank A could face delays until 2025 though SSE is confident the returns on the project won't be affected.

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