Our full-year results

Link to You Tube. Opens in new window

16 May 2012
Ian Marchant, our CEO, talks about our full-year results

Energy Bill must deliver an attractive investment climate for UK renewables

15 May 2012

A broad coalition of energy companies have written to Edward Davey Secretary of State for Energy and Climate Change outlining real concerns about the Government's proposed 'Contracts for Difference' CFD proposal for subsidising new low carbon investments.

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Latest dividend payment

24p a share on 23 March 2012
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Doing business responsibly

We don’t seek to maximise profitability in any one year but to maintain and develop a sustainable business that serves customers, employs people and pays dividends over the long term.

SSE at a glance

SSE contractors out on the job.

Our core purpose is to provide the energy people need in a reliable and sustainable way; and our strategy is to deliver sustained real growth in the dividend.

Transmitting and distributing energy

We’re the only energy company in the UK to be involved in electricity transmission, electricity distribution and gas distribution, giving us a diverse range of economically-regulated businesses.

Generation

Wind turbines next to lake.

We are the UK's second largest generation business, with a total capacity of just over 11,300MW.

Securing the UK’s and Ireland’s future energy needs

We believe that the UK and Ireland needs to become less vulnerable to high oil and gas prices and to secure the supplies of energy people need in the future.

Generation

Hydro electric dam at Pitlochry

We are the UK's second largest generation business, with a total capacity of just over 11,300MW.

Our full-year results

Link to You Tube. Opens in new window

16 May 2012
Ian Marchant, our CEO, talks about our full-year results

Annual Report

Our latest annual report

Link to Annual report 2011 PDF 1.96MB. Opens in new window. 

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Latest dividend payment

24p a share on 23 March 2012
Dividend information page » 

News

We welcome enquiries from professional journalists and provide a 24-hour service for urgent enquiries.

For more information, look at our media contacts section.

SSE 2012 Full Year Results Statement

16 May 2012

Lord Smith of Kelvin, Chairman of SSE said: "SSE has again delivered increases in the full-year dividend and in adjusted profit before tax demonstrates the resilience inherent in its balanced model of market-based and economically-regulated businesses, and the robustness of its strategy of focusing on operations and investment in each of those businesses."

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  • Environment and climate change

    There is mounting evidence that greenhouse gas emissions are contributing to climate change. Our planet’s resources are under greater strain than ever before, and there is a significant body of research suggesting that supply of fossil fuels is likely to peak within the next few years – a position known as ‘peak oil’.

    As one of the UK’s largest producers of energy, one of SSE’s key goals is to ensure we generate electricity in more sustainable ways.

    SSE is working towards this in three ways:

    • Increasing the amount of electricity generated from renewable and other low carbon sources.
    • Investing to reduce the environmental impact of electricity generated at its coal and gas-fired power stations.
    • Investing in emerging technologies to deliver positive changes in energy production.

    SSE is committed to reducing the carbon dioxide intensity of electricity produced at our power stations by 50% over the period from 2005/06, the first full year after SSE acquired coal-fired power stations, to 2020.

    Since 2005/06 we have:

    • completed or begun work on many renewable generation projects, including the Glendoe hydro scheme, many onshore wind farms and what will be Europe’s largest offshore wind farm at Greater Gabbard;
    • installed more efficient turbines at six of the eight turbines at our Fiddler’s Ferry and Ferrybridge coal-fired power stations;
    • Increased the capacity of its coal-fired power stations to generate electricity from biomass.
    • acquired Dublin-based Airtricity, making SSE the largest operator of wind farms across the UK and Ireland;
    • been awarded exclusive development rights to develop 400MW of wave and tidal energy in Pentland Firth and Orkney waters and a further 400MW with partners Aquamarine and OpenHydro.; and
    • commissioned to full operation the 840MW Marchwood combined cycle gas turbine (CCGT) power station. SSE has 50% ownership of Marchwood and the station's output is contracted to us. Marchwood is one of the most efficient gas power stations in the UK with a carbon efficiency of 58%, compared to a UK average of 50%, contributing to reducing the overall carbon efficiency of SSE’s portfolio.

    In 2011/12 we have:

    • reached over 1GW of onshore wind farm capacity in operation;
    • opened the UK’s largest Carbon Capture (CC) pilot plant at Ferrybridge, in conjunction with Doosan Babcock and Vattenfall, supported by funding of £6.3m from DECC, Northern Way and the Technology Strategy Board;
    • got consent to develop a 108MW multi-fuel plant alongside our Fiddler’s Ferry power station;
    • entered into a joint development agreement with Shell UK Ltd in relation to the Carbon, Capture and Storage (CCS) plans at Peterhead gas power station; and
    • passed the previous record of 3,890GWh (gigawatt hours) for hydro-electric output.