Edition:
United Kingdom

SSE PLC (SSE.L)

SSE.L on London Stock Exchange

1,150.00GBp
19 Oct 2018
Change (% chg)

21.00 (+1.86%)
Prev Close
1,129.00
Open
1,133.50
Day's High
1,155.50
Day's Low
1,133.50
Volume
2,730,802
Avg. Vol
3,268,947
52-wk High
1,470.81
52-wk Low
1,077.00

Latest Key Developments (Source: Significant Developments)

SSE Welcomes SSE Retail - Npower Deal Clearance By UK's CMA
Wednesday, 10 Oct 2018 

Oct 10 (Reuters) - SSE PLC ::STATEMENT RE: CMA FINAL REPORT.WELCOMES CMA'S PUBLICATION OF FINAL REPORT FOLLOWING INQUIRY INTO PROPOSED MERGER OF SSE RETAIL AND INNOGY SE GB RETAIL BUSINESS, NPOWER LTD.  Full Article

UK's CMA Clears Proposed Merger Between SSE Retail, Npower
Wednesday, 10 Oct 2018 

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

Ofgem Takes Compliance Action Against Retail Energy Suppliers
Thursday, 27 Sep 2018 

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

SSE Says Co Acquires 50 Pct Share Of Seagreen Wind Energy
Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - SSE PLC ::SSE ACQUIRES 50 PCT SHARE OF SEAGREEN WIND ENERGY LTD.SSE ALREADY HOLDS OTHER 50 PCT SHARE OF JOINT VENTURE AND WILL PURCHASE FLUOR'S SHARE FOR A SINGLE PAYMENT OF £118 MILLION.  Full Article

SSE Maintains Its Outlook For The Year To March 31
Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - SSE Plc ::NOTIFICATION OF CLOSED PERIOD.CONTINUES TO EXPECT TO RECOMMEND A FULL-YEAR DIVIDEND OF 97.5 PENCE PER SHARE FOR 2018/19.EXPECTS THAT ITS ADJUSTED OPERATING PROFIT FOR SIX MONTHS TO SEPT. 30 WILL BE AROUND HALF OF THAT DELIVERED IN SAME PERIOD IN 2017.ADJUSTED NET DEBT AND HYBRID CAPITAL IS EXPECTED TO BE AROUND 9.9 BLN POUNDS AT 30 SEPTEMBER 2018.OUTLOOK FOR YEAR TO 31 MARCH 2019 IS ALSO UNCHANGED.WILL ENGAGE CONSTRUCTIVELY WITH S&P FOLLOWING ITS 'NEGATIVE WATCH' ANNOUNCEMENT AND MOODY'S FOLLOWING ITS 'REVIEW FOR DOWNGRADE'.STILL EXPECTING ITS CAPITAL AND INVESTMENT EXPENDITURE TO TOTAL AROUND 6 BLN POUNDS ACROSS FIVE YEARS TO MARCH 2023.1.1 BLN POUNDS CAITHNESS-MORAY TRANSMISSION LINK IS NOW IN ADVANCED STAGE OF COMMISSIONING.REITERATES TECHNICAL GUIDANCE INCLUDED IN SSE'S TRADING STATEMENT OF SEPT 12 .  Full Article

Ofgem Asks Npower To Let Customers Join Larger Collective Switching Trial
Monday, 24 Sep 2018 

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

E.ON Affirms Guidance After Profit Warning By Sse
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - E.ON SE ::AFFIRMS GUIDANCE AFTER PROFIT WARNING BY SSE.  Full Article

UK's Ofgem Says Price Cap To Save Consumers About 1 Bln Stg
Thursday, 6 Sep 2018 

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

UK's CMA Approves SSE-Npower Merger
Thursday, 30 Aug 2018 

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

SSE Changes Prices For Pay As You Go, Energy Assist Tariff Customers
Wednesday, 29 Aug 2018 

Aug 29 (Reuters) - Innogy SE ::SSE PLC - CHANGES TO PRICES FOR PAY AS YOU GO CUSTOMERS AND CUSTOMERS ON THE ENERGY ASSIST TARIFF.SSE - IN LINE WITH OFGEM REGULATIONS, ON OCT 5, CO WILL READJUST PRICES FOR CUSTOMERS WITH PAY AS YOU GO METERS, THOSE ON ENERGY ASSIST TARIFF.SSE PLC - DUE TO CHANGE IN CAP, VAST MAJORITY OF CO'S PAY AS YOU GO CUSTOMERS, ENERGY ASSIST TARIFF CUSTOMERS WILL SEE OVERALL COST OF ENERGY INCREASE.  Full Article

Energy firms, green groups call for strong UK carbon price to keep coal at bay

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.