Ofgem finds 18 energy suppliers failed to adhere to price protection rules
2nd Mar 2021 12:14
(Sharecast News) - Energy regulator Ofgem found that 18 energy suppliers failed to correctly protect 1m customers' tariff prices when they decided to switch companies or tariffs.
Read moreSunday newspaper round-up: Neil Woodford, SSE, British Airways
14th Feb 2021 23:00
(Sharecast News) - Neil Woodford has broken his silence on the collapse of his investment firm and revealed he plans to start all over again in a tearful and defiant interview. Speaking publicly for the first time since his business imploded in October 2019, exclusively to The Telegraph, the fund manager said he was "very sorry for what I did wrong". But he lashed out at the administrator of Woodford Investment Management, Link Fund Solutions, and rejected widespread criticisms of his operating style. - Sunday Telegraph
Read moreUK energy watchdog lifts price cap for consumer bills
5th Feb 2021 08:22
(Sharecast News) - The UK's energy regulator is increasing its cap on consumer prices to pre-pandemic levels after a big jump in wholesale prices.
Read moreSSE backs full-year guidance
2nd Feb 2021 07:36
(Sharecast News) - SSE backed its full-year guidance on Tuesday as it said it expects to take a £200m hit to full-year operating profit from the Covid-19 crisis.
Read moreSSE to sell gas E&P assets to Viaro Energy for £120m
22nd Dec 2020 14:29
(Sharecast News) - SSE has agreed to sell its portfolio of gas exploration and production assets to Viaro Energy for £120m.
Read moreOfgem reduces cuts to returns for networks, green lights £40bn funding
8th Dec 2020 11:57
(Sharecast News) - Ofgem is halving the returns the UK's energy utilities are allowed to make, the regulator confirmed on Tuesday, though the cut is less than initially proposed.
Read moreSSE lifts earnings forecast after £202m windfarm stake sale
4th Dec 2020 07:02
(Sharecast News) - SSE said it had sold a 10% stake in the first two phases of Dogger Bank Wind Farm to Eni for £202.5m as it lifted guidance for the 2020/21 fiscal year.
Read moreSSE and Equinor to invest ?6bn in offshore wind project
26th Nov 2020 12:22
(Sharecast News) - Blue chip utility SSE and its Norwegian partner Equinor have agreed to spend £6bn constructing the first two phases of the giant Dogger Bank wind farm project.
Read moreUK government to double subsidies for renewable energy in 2021
24th Nov 2020 08:16
(Sharecast News) - The UK government plans to double the amount of green energy it will subsidise in 2021 as it agrees to include onshore power projects.
Read moreRBC upgrades SSE to 'outperform' on green targets
23rd Nov 2020 13:33
(Sharecast News) - Royal Bank of Canada upgraded SSE to 'outperform' as the bank took a more positive view of the group's green energy targets and the regulatory outlook.
Read moreOfgem calls for increase in price cap, opens consultation
20th Nov 2020 10:53
(Sharecast News) - Ofgem is considering upping the price cap after the Covid-19 pandemic prompted a rise in bad debts, hitting the finances of energy suppliers.
Read moreSSE takes £115 first-half hit from coronavirus
18th Nov 2020 07:01
(Sharecast News) - Energy supplier SSE reported a fall in adjusted operating profit after taking a £115m hit from the coronavirus pandemic, but also maintained its interim dividend payout.
Read moreSSE promotes Martin Pibworth to group energy and commercial director
15th Oct 2020 13:21
(Sharecast News) - SSE has promoted Martin Pibworth to the newly-created role of group energy and commercial director with effect from 1 November.
Read moreSSE sells energy-from-waste assets for £995m
13th Oct 2020 07:19
(Sharecast News) - SSE said it had agreed to sell its 50% share in two energy-from-waste ventures to a fund managed by Australia's First Sentier Investors for £995m in cash as part of its £2bn disposal programme.
Read moreOfgem hits SSE with £2.06m fine for failing to publish inside information
3rd Sep 2020 09:34
(Sharecast News) - Industry watchdog Ofgem fined FTSE 100-listed energy group SSE a total of £2.06m on Thursday for failing to publish inside information about the wholesale energy market.
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