Sse Share Discussion Threads

[skinny] 23/7/2015 07:54

SSE plc completed the first quarter of its financial year on 30 June 2015 and its Annual General Meeting is taking place today (23 July) in Perth. This trading statement:

· summarises operational performance in SSE's Wholesale, Networks and Retail (including Enterprise) businesses;
· sets out progress made in SSE's plans to invest around £1.75bn (gross) in the UK and Ireland in 2015/16;
· details developments since SSE announced its results for 2014/15 on 20 May 2015 while confirming its financial outlook;
· confirms that SSE is continuing to target adjusted earnings per share of at least 115 pence for 2015/16; and
· confirms that SSE is continuing to target an increase in the full-year dividend for 2015/16 of at least RPI inflation, with annual increases thereafter of at least RPI inflation also being targeted.

more....

[wad collector] 15/7/2015 13:08

A cold winter will trigger the industrial turn-downs , even more so if it is a long cold winter , and even more if it is a still cold winter.
And then HMG will blame its predecessors.
Good time to buy into power generation , but not necessarily power supply.
Xd 61.8p next week by the way.

[pierre oreilly] 15/7/2015 12:42

"National Grid have confirmed that our plan to power the economy is working - and it means that the lights will stay on this winter as well as making sure our homes and businesses have the gas and electricity they need in the future."

What a deluded government. What lies. NGC have once again fired another shot over their heads.

While demand management for big users is nothing new at all, the scale of it is now incredible. And the cost is also large, and payments will be made whether or not the option to tell big users to cut power is exercised or not.

I'm not sure whether the capacity surplus this year (about 1%!) includes or excludes wind and solar. If it includes it, then we are already in the poo, if not we are extremely close. I'd say the demand management measures are now pretty much at their peak. Our wealth producing companies, when the option is exercised, will just produce nothing. The cost isn't just the loading on our bills to compensate the large users, it's also the cost of lost exports and lost wealth creation. It's got to be done of course - blackouts are even worse. And there is no solution being put in place, we are still making things worse with every reliable station closure and every intermittent windmill built.

[bountyhunter] 15/7/2015 12:16

yes good point, if we see any power cuts this winter or even get close then the focus on overly strong regulation whatever the consequences may shift - the NG. share price is responding well to today's news already

[wad collector] 15/7/2015 09:25

The vulnerability of the supply network has been raised again by the press


A good thing for the sector I think ; a reminder that there needs to be money spent on generation expansion and if the regulators shaft the suppliers too much they won't invest.

[redartbmud] 07/7/2015 07:43

CMA
Overpaid incompetent imbeciles is a more appropriate description.

[skinny] 07/7/2015 07:22

SSE plc notes today's publication by the Competition and Markets Authority (CMA) of its Provisional Findings and Notice of Possible Remedies in its GB energy market investigation. The CMA is now consulting on today's publications and SSE will submit comprehensive responses in the coming weeks.

Since a market investigation was first proposed in March 2014, SSE has argued that energy markets in Great Britain are generally well-functioning and competitive; while recognising the benefits of reforms that are in the interests of customers, and its responses to today's publications will be consistent with this view.

Following a number of stages of extensive consultation with the industry, Government and other stakeholders, the CMA is expected to publish its Final Report by the end of this year.

Alistair Phillips-Davies, SSE's Chief Executive, said:

"SSE has consistently maintained that whilst customers already benefit from healthy market competition, there is always room for improvement. We will now examine today's publications in detail, along with the analysis that underpins them. We will also continue to work constructively with the CMA as this process continues to help ensure that the opportunity presented by this investigation is fully grasped, and that the final result is an enduring outcome that gives customers confidence, allows regulators to regulate, and encourages investors to invest in the Great Britain energy market."

[zcaprd7] 30/6/2015 00:45

Try to make customers shop around? So, paying over the odds isn't enough?

[wad collector] 29/6/2015 13:40

Talking of needing a tin hat....


LONDON (Alliance News) - The UK Competition and Markets Authority is expected to report that millions of households are paying hundreds of pounds too much for their energy bills due to a lack of competition between the so-called 'Big Six' energy firms next week, reported the Telegraph Sunday.


The authority has been investigating the energy market since 2014 over a series of concerns about the UK energy sector as it began an 18-month investigation that could result in the Big Six suppliers being broken up.

The Big Six comprises British Gas, which is owned by Centrica PLC, SSE PLC, ScottishPower, E.On, EDF and nPower.

The authority is due to release its final report on July 7, which is expected to state that Britain's biggest companies are able to charge higher prices for their standard tariffs because the majority of customers are not engaged in the market and do not switch to cheaper deals, said the Telegraph.

The CMA is expected to propose dozens of potential remedies including measures to either try to make customers shop around, or to limit the prices they are charged is they fail to do so. But the watchdog will not recommend that the Big Six be broken up, despite calls from some of the companies' critics to do so, it reported.

[zcaprd7] 29/6/2015 02:03

Well yes. But I thought this is pretty tin hat stuff?

[skinny] 26/6/2015 14:51

Finally managed to move up - they've been doing a good interpretation of Colin Chapman's 'ground effect' today.

[wad collector] 26/6/2015 14:05

Yes, everyone knows that , and what is more , Greek volts don't convert to sterling volts so they have to throw them away. Obvious.

Just set another buy limit in case the market believes this.

[speedsgh] 26/6/2015 12:53

zcaprd7 - Didn't you know? It's obvious. SSE's assets + customers are predominantly based in Greece, stupid ;o)

[zcaprd7] 26/6/2015 12:50

Hmm. Weak today? Why's that?

[zcaprd7] 18/6/2015 16:55

Uptrend intact. Fairly safe haven...

[zcaprd7] 05/6/2015 17:42

Topped up today. Few hours too early it looks!

[wad collector] 05/6/2015 16:49

Hit that limit buy and dropped a little further. Safe place for the long term I am sure.

[zcaprd7] 04/6/2015 14:01

Tempted myself. The Scottish referendum and election results should have powered this further? Problem might be, the dividend will lead to a drop and we'll drift back down...

[wad collector] 04/6/2015 09:13

I suppose another country might make a hostile takeover bid for Greece ; perhaps Russia? That would solve the problem.

Sp looking tempting to me , the recent weakness seems irrational, esp with a chunky dividend next month , think I will have some more ..1601 limit set.

[atlantic57] 03/6/2015 16:18

In 1998. I remember seeing dot com Companies valued at 300 times sales revenue .This was clearly insane.
How ever the insanity went on for another 2.5 years before there was a sudden bloody correction.
The Greek situation reminds me of the same kind of scenario.There is mass delusion but until the child speaks the fact that the emperor is naked is not impacting the market.
At some point there will be a sudden correction but I have no idea when this will be.i suspect that the utility companies continue to be a very attractive place to have your money invested.

[zcaprd7] 03/6/2015 12:56

Brexit seems just as likely as well...