SSE and npower agree domestic energy merger
SSE and npower have agreed to merge their domestic businesses to form a new energy giant. SSE’s shareholders will hold 65.6% of the stake in the new energy company while innogy, npower’s parent...
View ArticleSSE: Energy suppliers should have right to appeal price cap level
The head of SSE believes energy suppliers should have the right to appeal the level of a price cap on standard variable tariffs (SVTs). Chief Executive Alistair Phillips-Davies warns getting it wrong...
View ArticleFormer E.ON chief to join SSE board
The former chief of Big Six energy company E.ON has been appointed as a non-executive director of SSE. Tony Cocker has 20 years’ experience of senior roles in the energy industry, serving as the CEO of...
View ArticleSSE-innogy appoint CEO for proposed joint UK energy company
SSEand innogy have announced the chief executive designate for their new proposed joint retail UK energy company. Katie Bickerstaffe will assume her role later in the year, leading the work being done...
View ArticleCMA: SSE-npower merger could increase energy prices
Some energy consumers could see higher bills as a result of the SSE and npower merger. That’s according to the initial findings from the Competition and Markets Authority (CMA), which has been...
View ArticleCompetition watchdog refers SSE-npower merger for in-depth investigation
The UK’s competition watchdog has referred the merger of SSE and npower for an in-depth investigation. It follows the Competition and Markets Authority’s (CMA) initial investigation, which found the...
View ArticleArriva partners with SSE to drive down emissions
Arriva has partnered with SSE to power bus and rail sites across the UK with 100% renewable electricity. The passenger transport provider and the Big Six firm have announced they have signed a...
View ArticleSSE reports sliding profits and a drop in customer accounts
Energy giant SSE has become the latest Big Six firm to report sliding profits and falling customer registrations. The company lost 430,000 customers last year, with domestic accounts falling from 7.23...
View ArticlePrice rise for SSE and M&S Energy customers from July
SSE has announced it will be increasing gas and electricity prices by an average of 6.7%. That’s a rise of 5.7% for gas and 7.7% for electricity and will come into effect from 11th July 2018. Around...
View ArticleSSE to invest £350m in Siemens’ new gas turbine plant
SSE is investing £350 million in Siemens’ new highly efficient combined cycle gas turbine (CCGT) power plant. The Scottish energy giant and the global technology firm will work together to develop the...
View ArticleSSE pays £1m for sending ‘misleading’ statements to customers
SSE has been ordered to pay £1 million after providing some prepayment meter (PPM) customers with inaccurate and misleading information in annual statements. It follows an investigation launched by...
View ArticleSSE and innogy appoint CFO for new UK energy company
SSE and innogy have appointed Gordon Boyd as Chief Financial Officer Designate for their proposed new energy supply and services company in the UK. He was take up his new role on 4th July and will play...
View ArticleSSE applies to install ‘black start’ facility at Peterhead Power Station
SSE has submitted a planning application to Aberdeenshire Council proposing to install a ‘black start’ facility at the gas-fired Peterhead Power Station. A black start is the procedure to recover from...
View ArticleSSE pays £190k to customers after energy tariff switching delays
SSE has paid £190,000 to customers after an almost six-month delay in switching energy tariffs. It withdrew a ‘white label’ partnership tariff with social enterprise Ebico in February last year and...
View ArticleBig Six supplier SSE and M&S Energy to end partnership
SSE and M&S Energy have announced their partnership will end in September after nine years. That means M&S Energy will no longer provide gas and electricity under the Big Six supplier’s...
View ArticleLow wind generation contributes to SSE profits tumbling £80m
Low wind generation means SSE’s first-quarter profits for this financial year will be £80 million lower than expected. The Big Six energy firm said calm, warm weather meant output from both offshore...
View ArticleSSE hits one million smart meters milestone
Big Six supplier SSE has announced a major milestone in its smart meter rollout, with the installation of one million devices across the UK. Smart meters provide customers with near-real time...
View ArticleBig Six supplier SSE issues €650m green bond
Energy company SSE has issued its second green bond totalling €650 million (£588m). It follows the Big Six supplier’s previous bond issuance in August last year and is said to make the company the...
View ArticleUK competition watchdog provisionally clears SSE-npower merger
The merger between Big Six energy suppliers SSE and npower has been provisionally cleared by the UK competition watchdog. An inquiry group of independent panel members from the Competition and Markets...
View ArticleSSE and npower merger: Industry responds
The merger between Big Six energy suppliers SSE and npower has been provisionally cleared by the UK competition watchdog. An inquiry group of independent panel members from the Competition and Markets...
View Article