Our full-year results

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

SSE to offer all customers an Annual Energy Review

25 Apr 2012

Over the next 12 months, we will offer all our customers a energy review designed to ensure they are on the best product for their needs. This initiative will create 200 new jobs.

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Latest dividend payment

24p a share on 23 March 2012
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Providing the energy people need

We own over 11,000 megawatts of electricity generation capacity, distribute electricity to 3.5 million homes and workplaces and supply electricity, gas and other services to over 10 million customers.

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.

Supply

Engineer on the job in dark, confined conditions.

We supply electricity and gas to over 10 million homes and businesses throughout Great Britain and Ireland.

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. 

Share price

 

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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    Date
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    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."

    15 May 2012
    Energy Bill must deliver an attractive investment climate for UK renewables - Statement on 'contracts for difference'

    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.

    11 May 2012
    HRH Prince Charles, Duke of Rothesay, opens SSE’s Barkip AD Plant

    HRH The Prince Charles, Duke of Rothesay, officially opened SSE’s innovative Anaerobic Digestion (AD) plant at Barkip near Beith in North Ayrshire today.

    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.

    30 Apr 2012
    SSE statement in response to the IPPR report - 'the true cost of energy'

    In response to the IPPR report ‘The true cost of energy’, SSE agrees that Ofgem must do more to stop the practice of ‘predatory pricing’ but refutes the allegation, as reported in the media, that all of the ‘Big Six’ are involved in this practice.

    27 Apr 2012
    Scottish Hydro launches domestic renewable heating business

    Scottish Hydro’s Home Services division is expanding in to Renewable Heating Technologies, with Aberdeenshire the first location to have access to this new and exciting venture.

    26 Apr 2012
    Innovative energy efficiency trial cuts costs and carbon for Park Homes

    A groundbreaking energy efficiency trial by SSE plc in Cornwall has received approval from OFGEM as a means of ascertaining the carbon score of Residential Park Homes throughout the UK.

    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.

    10 Apr 2012
    100 generating wind turbines – milestone passed at Clyde Wind Farm

    Staff at SSE Renewables Clyde Wind Farm are celebrating after the 100th turbine began exporting wind powered electricity to the grid.

    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.

    03 Apr 2012
    33 community organisations benefit from Scottish Hydro Gordonbush community fund

    33 deserving organisations in the communities of Brora, Golspie, Helmsdale and Rogart have benefited from the second round of awards from the Scottish Hydro Gordonbush Community Fund.

    03 Apr 2012
    SSE welcomes new CCS funding competition

    SSE welcomes the UK Government's announcement of a new competition for funding of commercial-scale Carbon Capture and Storage (CCS) projects in the UK.

    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.

    02 Apr 2012
    SSE and Wheelabrator to develop £300m multifuel generation plant

    SSE plc and Wheelabrator Technologies Inc. have entered into a 50:50 joint venture to develop a new £300m multifuel generation facility at SSE’s Ferrybridge power station in West Yorkshire.

    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.

    28 Mar 2012
    SSE ‘opens up’ as it launches first regional customer forums.

    SSE, the second largest supplier of energy in the UK, is inviting its customers across the country to share their views as it becomes the first energy supplier to establish regional customer forums.

    26 Mar 2012
    Sustainable Investment Fund for Brora and Golspie community

    Scottish Hydro is inviting applications to a £250,000 Sustainable Investment Fund, borne from its Gordonbush wind farm, from community groups keen to make a deep and lasting legacy within the communities of Brora and Golspie.

    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.

    16 Mar 2012
    SSE receives Court of Appeal Verdict Relating to Direct Sales Activity

    The two guilty verdicts reached at Guildford Crown Court on 10 May 2011 against SSE plc have been upheld today at the Court of Appeal in London.

    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.

    29 Feb 2012
    First new tower completed as part of replacement Beauly Denny power line

    Scottish Hydro Electric Transmission Limited (SHETL) has completed the construction of the first new tower in the project to replace the Beauly Denny power line.

    24 Feb 2012
    Submission to the Scotland Office, the Scottish Government and the Economy, Energy and Tourism Committee of the Scottish Parliament

    SSE has considered the practical implications for its businesses of the consultations issued in January 2012 by the UK Government and the Scottish Government and they are set out below.  In doing so, SSE is mindful of the fact constitutional arrangements are matters for voters.

    22 Feb 2012
    SSE introduces dramatically simplified range of energy tariffs

    SSE, the UK’s second largest energy supplier, is today introducing a dramatically simplified range of energy tariffs which it believes will meet the needs of the vast majority of customers through a choice of just four core products.

    21 Feb 2012
    Thames Valley energy project launched to prepare electricity network for the future

    Southern Electric Power Distribution is today [February 21] officially launching an innovative £30 million low carbon network project which will revolutionise the way electricity is distributed and used in the future.

    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.

    16 Feb 2012
    Consent granted for Hunterston Offshore Wind Turbine Test Facility

    SSE Renewables, the renewable energy development division of SSE, has today received consent from North Ayrshire Council to construct an offshore wind turbine test facility at Hunterston in North Ayrshire.

    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.

    13 Feb 2012
    SSE exceeds its targeted obligation for the Warm Home Discount

    SSE has exceeded its targeted obligation for the Warm Home Discount Broader Group for this financial year and is now preparing for year 2 of the scheme, which will open on 1 April 2012.

    10 Feb 2012
    SSE Mineral Solutions Ltd to cease operations

    SSE has announced today that its wholly-owned subsidiary, SSE Mineral Solutions Ltd will cease operations on 31 March 2012 for the foreseeable future.

    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
    SSE announces apprenticeship opportunities

    SSE’s industry renowned apprentice scheme is now open for new applicants, with over 100 new apprenticeship opportunities planned for this year.

    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.

    16 Jan 2012
    SSE announces practical help for customers as part of Big Energy Week

    During Big Energy Week SSE is working with Citizens Advice, charities, consumer groups, switching sites, Ofgem and the Government to give practical advice to people across the country to help them spend less on heating and powering their home.

    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.

    09 Jan 2012
    SSE Ventures transfers cleantech investments into new £95 million green energy fund

    SSE, through its wholly owned SSE Ventures business, has completed a deal with Scottish Equity Partners (SEP) that involves SEP’s new Environmental Energies Fund (EEF) acquiring a portfolio of cleantech investments owned by SSE Ventures. As part of the deal, SSE Ventures has become a major partner in the new fund.

    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.