SSE PLC (SSE.L)
19 Oct 2018
Latest Key Developments (Source: Significant Developments)
Oct 10 (Reuters) - SSE PLC
Oct 10 (Reuters) - UK's CMA::DECIDED THAT PROPOSED MERGER BETWEEN SSE RETAIL (SSE) AND NPOWER CAN PROCEED, FOLLOWING A THOROUGH REVIEW.INQUIRY GROUP FOUND THAT SSE AND NPOWER DO NOT COMPETE CLOSELY ON SVT PRICES. Full Article
Sept 27 (Reuters) - OFGEM::OFGEM TAKES COMPLIANCE ACTION OVER COMPLAINTS.4 COMPLIANCE CASES OPEN ON COMPLAINT HANDLING; OPENING CASES WITH FIRST UTILITY, OVO ENERGY, UTILITA, EXPANDING COMPLIANCE ENGAGEMENT WITH SCOTTISHPOWER.REQUIRES DOMESTIC SUPPLIERS SURVEYED- BRITISH GAS, NPOWER, UTILITY WAREHOUSE, SSE, EDF ENERGY, E.ON, CO-OPERATIVE ENERGY TO PROVIDE IMPROVEMENT PLANS. Full Article
Sept 25 (Reuters) - SSE PLC
Sept 25 (Reuters) - SSE Plc
Sept 24 (Reuters) - UK's Ofgem::OFGEM ORDERS NPOWER TO CO-OPERATE FULLY IN TRIAL.ORDERS NPOWER TO ALLOW 100,000 OF ITS CUSTOMERS TO JOIN LARGER COLLECTIVE SWITCHING TRIAL.NPOWER IS SERVED WITH PROVISIONAL ORDER REQUIRING IT TO COMPLY FULLY WITH OFGEM'S TRIAL. Full Article
Sept 12 (Reuters) - E.ON SE
Sept 6 (Reuters) - UK's Ofgem::OFGEM PROPOSES PRICE CAP GIVING MILLIONS FAIR DEAL.SAYS 11 MILLION HOUSEHOLDS ON POOR VALUE DEFAULT DEALS SET TO SAVE AROUND £75 ON AVERAGE AS PER PROPOSED CHANGE.SAYS TYPICAL CONSUMER ON MOST EXPENSIVE TARIFFS WOULD SAVE OVER £120.SAYS PRICE CAP IS DESIGNED TO BE A TEMPORARY MEASURE, IN PLACE UNTIL 2023 AT LATEST.SAYS WORKING TO HAVE CAP IN PLACE BY END OF YEAR.SAYS IN TOTAL, PRICE CAP WOULD SAVE CONSUMERS AROUND £1 BILLION.SAYS WHEN PRICE CAP IS INTRODUCED, SUPPLIERS WILL HAVE TO CUT THEIR PRICES TO LEVEL OF OR BELOW CAP, PROPOSED TO BE £1136 PER YEAR.SAYS OFGEM WILL UPDATE LEVEL OF CAP IN APRIL AND OCTOBER EVERY YEAR.SAYS PRICE CAP IS DESIGNED TO BE A TEMPORARY MEASURE, IN PLACE UNTIL 2023 AT LATEST."ONCE PRICE CAP IS IN PLACE, ALL HOUSEHOLDS IN GREAT BRITAIN COVERED BY CAP WILL BE PROTECTED FROM BEING OVERCHARGED FOR THEIR ENERGY". Full Article
Aug 30 (Reuters) - UK's CMA::SSE/NPOWER MERGER PROVISIONALLY CLEARED AFTER IN-DEPTH REVIEW.SSE/NPOWER MERGER PROVISIONALLY CLEARED AFTER IN-DEPTH REVIEW.CLEAR SSE/NPOWER MERGER DEAL AFTER FINDING THAT SSE AND NPOWER DO NOT COMPETE CLOSELY ON SVT PRICES.FOUND THAT THE NUMBER OF PEOPLE SWITCHING ENERGY PROVIDER IS THE HIGHEST IN A DECADE AND THE PROPORTION ON SVTS HAS FALLEN.FOUND PEOPLE WHO DO NOT SWITCH ENERGY PROVIDER, ARE USUALLY ON ONE OF THE LARGE ENERGY SUPPLIERS’ SVTS AND PAY HIGHER PRICES. Full Article
Aug 29 (Reuters) - Innogy SE
LONDON, Oct 18 Energy companies and green groups have written separate letters this week to Britain's finance minister asking for the country's strong carbon price to be maintained to prevent a rise in coal-fired power generation and greenhouse gas emissions.
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