16 May 2012
SSE acquires 130,000 Customers in Northern Ireland.
SSE plc, through its wholly-owned subsidiary Airtricity Energy Supply (Northern Ireland) Limited, has entered into an agreement with Phoenix Energy Holdings Limited, a Terra Firma company, to acquire the entire issued share capital in Phoenix Supply Limited, a regulated supplier of natural gas to 130,000 customers in Northern Ireland.
16 May 2012
SSE 2012 Full Year Results Statement
SSE announced its full year results for the year to 31 March 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. It also demonstrates the commitment and professionalism of the people who work for SSE throughout the UK and Ireland."
04 May 2012
SSE receives fine relating to direct sales activity
SSE Plc has received a fine of £1.25M at Guildford Crown Court after being found guilty in May 2011 on two counts out of seven in a case brought against it by Surrey County Council Trading Standards relating to the use of doorstep sales aids in 2009.
25 Apr 2012
Beatrice offshore wind farm application submitted
Beatrice Offshore Windfarm Ltd (BOWL) has submitted an application to the Scottish Government for consent to develop the Beatrice offshore wind farm in the Outer Moray Firth. BOWL is a joint venture partnership formed between SSE Renewables (75%), SSE’s renewable energy development division, and Repsol Nuevas Energias UK (25%) (formerly SeaEnergy Renewables).
25 Apr 2012
SSE to offer all customers an Annual Energy Review
Over the next 12 months, SSE will offer all of its customers a wide reaching energy review designed to ensure they are on the best product for their needs. The GB-wide roll-out follows a successful pilot involving over 1,000 customers. To support this initiative SSE will create 200 new jobs dedicated to delivering the reviews.
11 Apr 2012
SSE Welcomes DECC’s UK Energy Customer Proposals
SSE, the UK’s second largest energy supplier, welcomes a new package of energy supply proposals announced today by the Department of Energy and Climate Change (DECC). The measures are designed to ensure energy supply companies offer customers fairer energy deals, practical advice and better customer service. SSE, independently recognised as the best for customer service among the leading energy suppliers, is fully committed to meeting and exceeding all of the proposed actions.
04 Apr 2012
Viking Energy Wind Farm Consented
The Viking Energy wind farm on Shetland has been given the go-ahead by Scottish Government Ministers, with a reduction in the number of turbines to 103.
02 Apr 2012
SSE gives micro-business customers reassurance on ‘backbilling’
SSE’s micro-business customers now have reassurance that where they have been under-billed due to a genuine billing error, SSE will accept full responsibility for this, and will not issue a ‘back bill’ to that micro-business for a period greater than twelve months. This policy is being introduced with immediate effect to around 200,000 micro-business customers.
30 Mar 2012
End of year highlights
SSE plc will enter its close period on 1 April 2012, prior to the publication on Wednesday 16 May 2012 of its financial report for the year to 31 March 2012.
30 Mar 2012
Reportable segments
SSE plc has completed a review of the reportable segments contained within its financial statements. The review was undertaken following the creation of SSE’s Management Board in January 2011 and following resulting changes in the way that SSE manages, reviews and reports internally its businesses.
23 Mar 2012
SHETL to develop subsea electricity cable between Caithness and Moray
Scottish Hydro Electric Transmission Limited (SHETL), the licensed transmission owner in the north of Scotland, is planning to develop a 109 km subsea electricity cable between Caithness and Moray to transmit the large volume of existing and planned electricity from renewable sources in the north of Scotland.
21 Mar 2012
SSE confirms commitment to Highlands
SSE plc is today confirming its ongoing commitment to the Highland region with the announcement that 50 new roles will be created at its Highland headquarters in Inverness.
14 Mar 2012
Scottish Hydro energy bills simplified to show breakdown of costs
From today Scottish Hydro customers will see exactly what costs go into making up their energy bills, including the amount of profit Scottish Hydro makes from supplying their home with the energy they need. The new easy to understand design follows extensive customer research, giving customers for the first time a detailed breakdown of the different cost components that make up their bill.
12 Mar 2012
Letter to Which? outlining SSE's position on 'The Big Switch'
SSE is very supportive of your organisation’s objective with regard to the Big Switch – namely attempting to encourage consumers to get the best deal from the energy market. In its current form, however, I am afraid that SSE will be unable to participate, for the reasons outlined below.
08 Mar 2012
SSE tops Consumer Focus complaints league table with five star rating
SSE has achieved a five star rating by the statutory consumer champion Consumer Focus for the third quarter in a row. The league table published today shows that during the quarter from October until December 2011, SSE achieved a five star rating with the lowest number of customer complaints*. To date, SSE is the only company to achieve a five star rating and has topped the league table since it began in April 2010.
05 Mar 2012
UK first 'Power of Now’ exhibition and all-electric vehicle centre opens at Scottish Hydro Centre for Renewable Excellence in Glasgow
SSE, the UK’s leading generator of renewable energy opens its doors today on a landmark interactive renewable energy public exhibition, and the UK’s first dedicated free EV (electric vehicle) charging, hiring and parking facility. The custom built exhibition known as ‘Power of Now’ at Scottish Hydro Centre for Renewable Excellence is housed on the ground floor of SSE’s flagship building, One Waterloo Street opposite Central Station in Glasgow. The project celebrates renewable energy, showcasing exhibits alongside a free all-electric vehicle space under one roof for the first time anywhere in the UK.
01 Mar 2012
SSE submits Dalnessie wind farm proposal
SSE Renewables, the renewable energy development division of SSE, has this week submitted its proposal to the Scottish Government for a wind farm at Dalnessie in Sutherland.
01 Mar 2012
Rain and snowmelt brings SSE record for output of hydro electricity
Energy production from conventional hydro electric schemes operated in the North of Scotland by SSE Generation, the generation division of SSE plc, has reached the highest levels since records began in the 1930s - with four weeks of the 2011/12 financial year still to go.
17 Feb 2012
Gas supply agreement with Shell
SSE and Shell Energy Europe (“Shell”) have agreed a 10-year gas supply agreement of 790mcm (292 Mth) per annum, commencing in 2015. This represents approximately 5% of SSE’s forecast typical annual gas requirements. The gas will be supplied as a firm delivery of 800,000 th/day, at a price linked to prevailing prices in the natural gas market.
16 Feb 2012
Disposal of stake in NuGeneration Ltd
SSE has completed the sale of its 25% stake in NuGeneration Ltd (“NuGen”), the joint venture company established to develop proposals for a new nuclear power station in West Cumbria, to NNB Development Company S.A. (“NNBD”) - a 50:50 joint venture between GDF Suez S.A. and Iberdrola S.A. The stake has been sold for an upfront cash consideration of £5.75m with a further contingent payment of £1.25m dependent on progress with the development of the West Cumbria site.
15 Feb 2012
SSE submits planning application for proposed Coire Glas pumped storage hydro electric scheme
SSE Renewables, SSE’s renewable energy development division, has submitted an application to the Scottish Government for consent to construct a new pumped storage hydro electric scheme of up to 600MW capacity to the north-west of Loch Lochy in the Great Glen. The scheme would help meet peak demand and would extract, store (up to 30GWh) and release energy to and from the electricity transmission system to help balance supply and demand for power at a national scale.
15 Feb 2012
Private placement of US$700m
SSE has completed a private placement of senior notes with 22 US-based investors for a total consideration of US$700m (equivalent to around £450m). The senior notes consist of four tranches with maturities of 5, 7, 10, and 12 years, with a weighted average maturity of 10.3 yrs, and an all-in funding cost of c.4.25% once swapped to Sterling.
09 Feb 2012
World’s largest offshore wind farm off the coast of Cumbria breaks industry records
The £1 billion Walney wind farm, which is a joint venture between DONG Energy (50.1%), SSE (25.1%) and OPW ( 24.8%), is being officially opened by Edward Davey, Secretary of State for Energy and Climate Change. With 102 turbines and a total capacity of 367.2 MW, Walney can supply up to 320,000 households a year with renewable power.
01 Feb 2012
SSE call to action to homeowners and private rental market to take up FREE insulation offer
SSE is offering FREE cavity wall and loft insulation to all homeowners and private renters who currently have no or insufficient levels of insulation in their homes. Loft insulation could save households £175 annually and cavity wall insulation £135, by simply taking advantage of SSE’s FREE offer households could enjoy annual savings on their energy bills of up to £3101.
31 Jan 2012
Interim management statement
SSE plc remains on course to deliver an increase in the dividend per share, an increase in adjusted profit before tax for the financial year to 31 March 2012 and to deliver on its key operational goals. This Interim Management Statement includes updates on operations, major projects, issues such as household customers’ energy consumption, other developments and an updated financial outlook.
23 Jan 2012
Ofgem recommends SHETL business plan for 2013 – 2021 Transmission Price Control
Ofgem has today confirmed it is recommending that SSE’s electricity transmission business, Scottish Hydro Electric Transmission Ltd (SHETL), is fast tracked under the RIIOT1 process for the Transmission Price Control period April 2013 – Mar 2021. Ofgem will now publish its proposals on the business plan1 put forward by SHETL.
12 Jan 2012
Household Gas Prices from 26 March 2012
SSE will cut its unit price for household gas by 4.5% from 26 March 2012. Around 3.5 million households in Britain will benefit from the reduction, which will cut typical gas bills by around £28 a year1.
06 Jan 2012
Scottish Hydro Electric Power Distribution on course to restore electricity supplies to all homes
Scottish Hydro Electric Power Distribution (SHEPD) confirms that all 40,000 customers affected by the storm force conditions which hit Scotland on Tuesday will have their electricity supplies restored tonight (6 January). Hundreds of engineers worked tirelessly for days to restore electricity to customers who had been without power. These customers were spread throughout the SHEPD territory but were found mainly in Argyll and Bute.
03 Jan 2012
One gigawatt of onshore wind farm capacity
Continuing progress in the construction of its large capital projects means that SSE plc now has over one gigawatt (GW) or one thousand megawatts (MW) of onshore wind farm capacity in operation for the first time.