SSE plc completed the first quarter of its financial year on 30 June 2016 and its Annual General Meeting is taking place today (21 July) in Perth. This trading statement provides information on its operational and investment activities in the first trading quarter of the financial year.
Alistair Phillips-Davies, Chief Executive of SSE, said: “SSE has made a solid start to the financial year with continued focus on operational efficiency, putting our customers at the heart of everything we do and progressing long-term investments in the UK’s and Ireland’s energy infrastructure, including significant progress with the Beatrice Offshore Wind Farm and the new Caithness-Moray electricity transmission link.
“The external operating environment continues to have an impact on SSE. Whilst the publication of the final remedies by the CMA brings clarity, it does constitute a considerable package of reforms to be implemented into the fast changing energy supply market. The outcome of the UK’s referendum on membership of the EU could lead to aspects of the financial, regulatory and political environment becoming more uncertain in the years ahead.
“Nonetheless, SSE’s balanced range of energy businesses and strategic focus on the delivery of efficient operations and investments, and meeting the needs of our customers, means that we remain well placed to fulfil both our core purpose, of providing energy people need in a reliable and sustainable way, and our financial objectives in the years ahead.”
Read the full statement here.