Ofgem hits SSE with £9.78m fine after securing ‘excessive’ payments which raised costs for customers July 25, 2023 Ofgem has made a final decision to impose a hefty £9.78m financial penalty on SSE for securing excessive payments from ESO.
SSE reiterates earnings target despite waning wind generation July 20, 2023 Electricity output from renewables has lagged behind SSE's expectations this year, with generation lessened by poor weather conditions.
Bosses from Natwest, Shell and Sainsbury’s join PM’s new taskforce to boost growth July 18, 2023 Top bosses from firms including Barclays, Aviva and Shell have joined the Prime Minister’s new business council aimed at supercharging the UK’s growth. Prime Minister Rishi Sunak will chair the first business council meeting at No10 today, followed by a glitzy reception for scores of industry bigwigs to celebrate UK enterprise. CEOs including Alison Rose [...]
Ofgem slaps SSE with £10m fine for overcharging National Grid June 6, 2023 Energy giant SSE is to pay a £9.8m penalty after breaching its generation licence, the industry regulator has announced.
SSE profits soar in line with energy prices as windfall tax expansion looms November 16, 2022 Energy giant SSE reported a 221 per cent surge in pre-tax profits for the first half of the year today on the back of spike in gas and electricity prices this year.
Suppliers fear revenue cap could deter investment and risk supply security October 12, 2022 The Government's decision to cap revenues from renewables generators risks deterring investment into the UK warned energy energy firms.
Siemens Gamesa finalises sale of renewable assets to SSE for €613m September 2, 2022 Siemens Gamesa has completed the sale of its South European renewables development assets to SSE in a €613m deal.
SSE teases mega investment plans to fight off prospect of a windfall tax May 25, 2022 Energy giant SSE has reported a 15 per cent boost in profits and a 23 per cent rise in earnings per share, driven by record investment this year.
SSE Renewables jumps into Japanese offshore wind with $208m stake September 29, 2021 SSE Renewables has jumped into Japan’s offshore wind farm market with a $208m joint venture with local renewables company Pacifico Energy. The alliance will see the energy firm’s develop offshore wind energy projects in Japan, as the country seeks to become net-zero by 2050. SSE shares dipped 0.5 per cent to 1,586.5p in its afternoon trading. [...]
Energy supplier SSE: No decision to break up group September 20, 2021 Bosses of energy company SSE said there had been no decision to break the company up, they said following media speculation. In a note published on Monday, the supplier said there had not been a decision to break up the group. SSE said it would provide an update on plans to further accelerate growth in [...]