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SSE PLC (SSE.L)

SSE.L on London Stock Exchange

1,284.50GBp
2:53pm IST
Change (% chg)

-24.50 (-1.87%)
Prev Close
1,309.00
Open
1,293.50
Day's High
1,300.00
Day's Low
1,270.50
Volume
1,075,760
Avg. Vol
3,696,827
52-wk High
1,314.50
52-wk Low
997.80

Latest Key Developments (Source: Significant Developments)

Canada's CDPQ Discloses 4.05% Stake In SSE As Of Aug. 30
Thursday, 5 Sep 2019 

Sept 5 (Reuters) - :CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC DISCLOSES 4.05% STAKE IN SSE AS OF AUG. 30 - FILING.  Full Article

SSE Updates Energy Tariffs, Removes Some Exit Fees
Wednesday, 21 Aug 2019 

Aug 21 (Reuters) - SSE PLC ::SSE UPDATES TARIFFS AND REMOVES EXIT FEES FOR CERTAIN PRODUCTS.SSE - FROM 1 OCTOBER, TYPICAL BILL FOR AVERAGE USER ON STANDARD TARIFF WILL BE £1,178.58; FOR AVERAGE USER WITH PREPAYMENT METER IT WILL BE £1,216.90.SSE - PRICES FOR STANDARD VARIABLE TARIFFS AND CUSTOMERS ON PREPAYMENT METERS ARE ALIGNED WITH CHANGES TO OFGEM’S PRICE CAPS.SSE - PRICES FOR BUNDLED PRODUCTS SUCH AS ENERGY, PHONE AND BROADBAND HAVE BEEN REDUCED.SSE - MOST NEW ENERGY TARIFFS LAUNCHED ON OR AFTER 21 AUGUST WILL HAVE NO EXIT FEES.SSE - CUSTOMERS WHO ARE CURRENTLY ON A FIXED TARIFF WITH SSE WILL NOT BE AFFECTED BY CHANGES.SSE-WHILE MOST CUSTOMERS' TARIFF WILL FALL, VERY LOW ENERGY USAGE CUSTOMERS MAY SEE RISE DUE TO CHANGES IN LEVEL OF PRICE CAP’S STANDING CHARGE RATES.  Full Article

UK's Ofgem Says Energy Caps To Fall By 75 Stg Due To Lower Wholesale Costs
Wednesday, 7 Aug 2019 

Aug 7 (Reuters) - UK'S OFGEM::UK'S OFGEM - ENERGY CAPS TO FALL THIS WINTER DUE TO LOWER WHOLESALE COSTS.UK'S OFGEM - LEVEL OF DEFAULT PRICE CAP, WHICH PROTECTS AROUND 11 MILLION DEFAULT TARIFF CUSTOMERS, TO FALL THIS WINTER BY £75.UK'S OFGEM - DEFAULT PRICE CAP IS SET TO FALL FROM £1,254 TO £1,179 FROM 1 OCTOBER FOR THIS WINTER PERIOD (OCTOBER-MARCH).UK'S OFGEM - ENERGY BILLS WILL FALL THIS WINTER FOR AROUND 15 MILLION HOUSEHOLDS WHO ARE PROTECTED BY THE PRICE CAPS.UK'S OFGEM - COMBINATION OF LOW DEMAND DURING WINTER, STRONG GAS SUPPLY, RELATIVELY HEALTHY STORAGE LEVELS HAVE PUSHED DOWN WHOLESALE PRICES.UK'S OFGEM - LEVEL OF PRE-PAYMENT METER CAP FALLS BY £25 FOR AROUND 4 MILLION CUSTOMERS AFTER METHODOLOGY IS BROUGHT INTO LINE WITH THE DEFAULT PRICE CAP.UK'S OFGEM - WHOLESALE ENERGY COST ELEMENT OF DEFAULT TARIFF CAP FELL BY £75 TO £446 WHILE OTHER COSTS, SUCH AS VAT & SUPPLIER PROFITS, FELL SLIGHTLY.  Full Article

SSE Proposes Closure Of Fiddler's Ferry Coal Station
Thursday, 13 Jun 2019 

June 13 (Reuters) - SSE PLC ::SSE PLC - PROPOSED CLOSURE OF FIDDLER'S FERRY COAL STATION.SSE PLC - PROPOSES TO CLOSE REMAINING OPERATIONAL CAPACITY AT WARRINGTON, CHESHIRE.SSE PLC - NOW COMMENCING CONSULTATION WITH EMPLOYEES AND TRADE UNIONS WITH A VIEW TO CLOSING FIDDLER'S FERRY COAL STATION BY 31 MARCH 2020.SSE PLC - SSE WILL ALSO OFFER EMPLOYEES VOLUNTARY REDUNDANCY ON ENHANCED TERMS AND WILL SEEK TO AVOID COMPULSORY REDUNDANCIES.SSE PLC - HOPED THAT SOME EMPLOYEES WILL BE REDEPLOYED ELSEWHERE IN SSE GROUP.SSE - HOPES SOME EMPLOYEES AT FIDDLER'S FERRY WILL BE REDEPLOYED ELSEWHERE IN CO; SOME WILL HAVE CONTINUING ROLE IN MANAGING DECOMMISSIONING OF PLAN.SSE PLC - FINANCIALLY, FIDDLER'S FERRY, IS LOSS-MAKING AND LOSSES ARE UNSUSTAINABLE BEYOND END OF CURRENT FINANCIAL YEAR.  Full Article

SSEN Responds to Ofgem’S Riio-2 Sector Specific Methodology Decision
Friday, 24 May 2019 

May 24 (Reuters) - SSEN::SSEN STATEMENT ON OFGEM’S RIIO-2 SECTOR SPECIFIC METHODOLOGY DECISION.REMAINS "VERY DISAPPOINTED" WITH THE PROPOSED COST OF EQUITY RANGE.RETAINS CONCERN OFGEM'S PROPOSED FRAMEWORK FAILS TO FULLY BALANCE STAKEHOLDER, CONSUMER NEEDS WITH NEED TO PROVIDE INVESTOR CONFIDENCE.IS CURRENTLY PREPARING TO SUBMIT ITS FIRST DRAFT BUSINESS PLAN FOR THE NEXT TRANSMISSION PRICE CONTROL.  Full Article

SSE To Repurchase Its Ordinary Shares For Cancellation Up To Value Of £100 Mln
Wednesday, 22 May 2019 

May 22 (Reuters) - SSE PLC ::NON-DISCRETIONARY SHARE BUYBACK PROGRAMME.TO REPURCHASE ITS ORDINARY SHARES FOR CANCELLATION UP TO VALUE OF £100 MILLION.THESE ARRANGEMENTS FORM PART OF COMPANY'S CAPITAL RETURN PROGRAMME ANNOUNCED ON 1 FEBRUARY 2019..ANY SHARE PURCHASES UNDER PROGRAMME WILL BE EFFECTED WITHIN CERTAIN PRE-SET PARAMETERS.TO REPURCHASE SHARES FOR CANCELLATION UP TO VALUE OF £100 MILLION BETWEEN 22 MAY 2019 AND 22 AUGUST 2019.  Full Article

SSE Announces Voluntary Redundancy In Some Customer Service, Metering Teams
Wednesday, 8 May 2019 

May 8 (Reuters) - SSE PLC ::ARE FACING CHALLENGES DUE TO COMPETITION INCREASING, THE INTRODUCTION OF THE ENERGY PRICE CAP AND HIGHER OPERATING COSTS.ANNOUNCED VOLUNTARY ENHANCED REDUNDANCY OPPORTUNITIES FOR SOME OF ITS CUSTOMER SERVICE AND METERING TEAMS.  Full Article

SSE Sparks Merger Talks Over £1 Bln Retail Arm - Sky News
Saturday, 27 Apr 2019 

April 27 (Reuters) - :SSE SPARKS MERGER TALKS OVER £1 BILLION RETAIL ARM - SKY NEWS.SSE HAS APPROACHED COMPANIES INCLUDING TALKTALK ABOUT A DEAL TO OFFLOAD ITS HOUSEHOLD SUPPLY ARM - SKY NEWS.  Full Article

Greencoat Renewables Buys Further Stake In Cloosh Valley From SSE
Thursday, 28 Mar 2019 

March 28 (Reuters) - Greencoat Renewables PLC ::ACQUISITION OF FURTHER STAKE IN CLOOSH VALLEY.ACQUISITION OF A 25% STAKE IN CLOOSH VALLEY WIND FARM FROM SSE FOR A TOTAL CONSIDERATION OF EUR 34.5MILLION.NET GENERATING CAPACITY INCREASED TO 411MW.IN ADDITION, DEAL INCLUDES EUR 41.7M OF PROJECT FINANCE DEBT ATTRIBUTABLE TO SHAREHOLDING ACQUIRED.GREENCOAT RENEWABLES ACQUIRES ADDITIONAL 27MW OF CAPACITY AT CLOOSH VALLEY WIND FARM FROM SSE.  Full Article

SSEN Issues Statement On Western Isles And Shetland Needs Case Consultations
Tuesday, 19 Mar 2019 

March 19 (Reuters) - SSE PLC ::SSEN STATEMENT ON WESTERN ISLES AND SHETLAND NEEDS CASE CONSULTATIONS.SSE PLC - WELCOMES OFGEM’S DECISION TO PROVISIONALLY APPROVE PROPOSED 600MW SHETLAND TRANSMISSION LINK.SSEN - CALLING ON OFGEM TO RECONSIDER PROVISIONAL DECISION TO REJECT SSEN’S NEEDS CASE FOR 600MW LINK IN FAVOUR OF 450MW CONNECTION IN WESTERN ISLES.  Full Article

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OVO Energy to break into Britain's Big Six suppliers with SSE deal

LONDON Relative newcomer OVO Energy is set to become one of Britain's Big Six energy suppliers after striking a 500 million pound ($622.65 million) deal to buy SSE's retail arm, announced on Friday.