SSE’s thermal generation fleet lost more than £22 million in the company’s last financial year, leading the utility to laud its networks and renewables business units.
SSE is to slash the carbon intensity of its generated electricity in half and treble its renewables output as part of a series of new sustainability initiatives.
Energy firm SSE has issued a profit warning after it revealed the suspension of the Capacity Market is expected to result in a £60 million shortfall in this financial year.
SSE and innogy have pulled the plug on the proposed merger of their respective supply divisions, with SSE concluding that it would not now be “in the best interests of customers, employees or shareholders”.
