SSE boss receives 72% pay rise
The head of one of the Big Six energy companies was given a 72% pay rise last year. Alistair Phillips-Davies, the CEO of SSE, received more than £2.9 million for the 12 months to the end of March. That...
View ArticleBig Six energy firms SSE and ScottishPower shed customers
Two of the Big Six energy suppliers have lost thousands of customers as they moved to cheaper deals. SSE said its total number of customer accounts fell from eight million at the end of March to 7.7...
View ArticleInnogy, Statoil and SSE in 4.8GW UK offshore wind split deal
Innogy, Statoil and SSE have signed an agreement for interests in an offshore wind development project in the UK. The Dogger Bank development consist of four offshore projects – Creyke Beck A and B and...
View ArticleSSE offer UK’s biggest ever green bond
SSE has issued the biggest ever green bond from a UK business. The Big Six supplier says the move is its latest step in tackling climate change and developing a market for environmentally-friendly...
View ArticleSSE and Statoil team up for UK offshore wind projects
SSE has formed a joint venture with Norwegian firm Statoil to drive forward the Dogger Bank Offshore Wind projects. The 50:50 partnership will see both companies work collaboratively to progress three...
View ArticleMixed reactions to May’s energy price cap pledge
There have been mixed reactions to Prime Minister Theresa May’s pledge to introduce a draft bill next week to put a cap on energy bills. Trade body Energy UK believes it is important growth of...
View ArticleSSE pledges to cut number of customers on poor value energy deals
SSE has pledged to reduce the number of customers on the default standard variable tariffs (SVTs). In a letter to Energy Secretary Greg Clark and Ofgem CEO Dermot Nolan, Chief Executive Alistair...
View ArticleIs SSE planning to exit the domestic energy market?
Big Six energy supplier SSE is reportedly mulling an exit from the domestic market as the government sets its plans for the price cap. Reports claim the energy company is discussing plans to sell its...
View ArticleBig Six suppliers SSE and npower in merger talks
Big Six companies SSE and npower are in talks about merging their businesses to create a giant energy supplier in the UK. German utility innogy, parent company of npower, and SSE are in “advanced...
View ArticleSSE 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 ArticleOfgem launches fresh investigation into SSE
Ofgem has launched an investigation into whether SSE’s messaging to its customers accurately reflects which are the supplier’s cheapest deals. The regulator will examine whether the Big Six supplier...
View ArticleMPs call for investigation into SSE-npower merger
The Business, Energy and Industrial Strategy (BEIS) Committee is calling for an investigation into the proposed merger between Big Six firms SSE and npower. It has written to the Competition and...
View ArticleEDF and SSE appeal against Ofgem’s decision on transmission charges
EDF and SSE have appealed against Ofgem’s decision to reject a code modification on charges to generators for the electricity transmission system in 2015/16. The energy firms said electricity...
View ArticleSSE loses 40,000 customers and continues npower talks
Big Six energy supplier SSE lost 40,000 customers over the past three months as households continued to switch away from larger providers to smaller rivals offering cheaper tariffs. The group suggested...
View ArticleUK watchdog rejects SSE, EDF’s appeal on transmission charges
The competition watchdog has dismissed EDF and SSE’s appeal against Ofgem’s decision on transmission charges. In 2016, SSE had requested a change to industry rules about charges paid by electricity...
View ArticleCompetition watchdog investigates SSE-npower merger
The Competition and Markets Authority (CMA) has launched an investigation into the proposed merger of SSE Retail and npower. It will assess whether the new company, which would serve around 11.5...
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 ArticleSSE opens consultation on EV-grid flexibility
SSE has opened a consultation into how residential electric vehicle (EV) charging could be used to protect the local electricity network in rare cases of the grid being overloaded. Its main objective...
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 UK energy company
SSE and 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...
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