Sse Share Discussion Threads

[deb81e] 12/8/2014 10:50

Yeah I remember three day week because dockers at the time were complaining because they only worked one day -:)

[gbb483] 12/8/2014 09:15

Jacks obviously isn't old enough to remember the 3 day working week.

[wad collector] 08/8/2014 20:56

I don't think anyone ever got through 30 yrs ago , there was just an acceptance that the power failed sometimes and it was a reminder of what a beautiful thing electricity is ...
Not like now , instant unlimited electricity is a right.

[losos] 08/8/2014 11:54

jacks13 - "Have you any data to back that up Losos"

No, none whatsoever, so I am relying on what I recall from the days of a nationalised electricity supply industry, outages maybe the same but when you rang them you got treated like dirt, what they didn't realise is I remember these things from 30 or 40 years ago, I don't easily forget ha ha.

[zcaprd7] 05/8/2014 13:24

I meant top up and hold for future dividend stream....

[lord gnome] 02/8/2014 13:26

Eh? A bit late for that zcaprd7.

[zcaprd7] 02/8/2014 13:23

Yes, very weak here. Might top up for the dividend soon...

[aspers] 01/8/2014 15:51

Falling knife and all that.....I think I will wait to see 1400p before having a punt. :-)

[lord gnome] 01/8/2014 08:40

Chart support at 1440 needs to hold or it could be a long way down. That gap has now been filled and the yield at these levels is back up to 6%.

[skinny] 30/7/2014 07:28

Scottish and Southern Energy Power Distribution (SSEPD), part of SSE plc, notes the publication of the draft determination by Ofgem on its RIIO-ED1 business plan for the period 2015 to 2023. SSEPD is disappointed with a number of elements within the draft determination including Ofgem's proposal on efficient financing and their assumptions about the scope of further cost reductions across the industry.

Over the coming weeks SSEPD will be reviewing Ofgem's benchmarking analysis and also their assumptions on how SSEPD, one of the leading cost efficient operators in Great Britain, could operate and develop our networks to the standard customers expect with the proposed reduction in total expenditure.

Gregor Alexander, Finance Director of SSE, said:

"Our aim is to deliver a final settlement that both provides value for money for customers as well as securing the funding required to operate and develop our distribution networks for customers benefit. Through the established price control process, we will now be responding to the draft determination as well as engaging further with Ofgem in order to secure this outcome."

[skinny] 30/7/2014 07:27

OFGEM ANNOUNCES £17 BILLION FOR ELECTRICITY NETWORK AND CUTS BILLS FOR CUSTOMERS

· Electricity distribution part of bill to fall by £12 on average from April 2015 while customer service standards rise
· £2.1 billion of savings achieved since Ofgem sent back companies' initial business plans last year
· Ofgem continues to deliver a stable regulatory environment that secures investment in Britain's vital infrastructure at a fair price to consumers.

more....

[jacks13] 25/7/2014 17:39

Have you any data to back that up Losos, supply minutes lost per thousand customers, average time taken to reconnect and so forth?

[losos] 25/7/2014 12:49

Skinny - "they had to make some 'noise' and they have done so"

Yes, but it is obvious to anyone with more than one brain cell that to prevent (or even reduce) the number of 'outages' can only be rectified by having more men (women even) dedicated to fixing faults, more rugged equipment, more and better trained help desk staff, etc. etc. This all costs money.

Yet the politicians are screaming for cuts to bills etc. I remember when the electricity supply business was a nationalised industry and it sure wasn't any better, in fact it was a lot worse.

[redartbmud] 24/7/2014 15:21

There is a big squeeze going on.
On the one hand, it is spend borrow spend and on the other cut your prices and cut again. By the way - you can't penalise anyone who choses not to pay for what they consume, even if they can pay.
Eventually Millipede and Flat Ed Balls will have the equivalent of a free nationalised business. Shareholders with no income.

[skinny] 24/7/2014 14:30

In the grand scheme of things it seems pretty negligible - they had to make some 'noise' and they have done so :-

"Maxine Frerk, Ofgem's Senior Partner for Distribution said: "A power cut at Christmas time is the last thing anyone needs. While we recognise the hard work of the companies and their staff who were out working to reconnect customers during the severe weather, the companies could have done more to plan for the weather and keep customers informed. This is why we have secured an additional £3.3 million, bringing the total payout to £8 million.

"Ofgem is constantly striving to drive up standards for customers. That is why we have more than doubled the payouts that firms will have to pay if customers are without power during severe weather events from £27 to £70. Network companies need to learn the lessons of last winter as a repeat performance will trigger further action from Ofgem."

[losos] 24/7/2014 14:26

Skinny - "has put the industry on notice that it must learn from the lessons of last winter"

In my book that means spending more money - so on the one hand we have Milipeed and his cronies saying freeze prices and on the other Ofgem urging power companies to spend more. A better example of how the devious human mind works would be hard to find grrrrrrrrrrrrr

[redartbmud] 24/7/2014 08:08

I thought that corporal punishment was outlawed.
Get out the big stick and cane the offending pupil?

[skinny] 24/7/2014 07:09

SSE AND UKPN PAY OUT £8 MILLION FOLLOWING CHRISTMAS STORMS

· Ofgem secures an additional £3.3 million following its investigation into how SSE and UKPN handled last winter's storms
· The firms have already paid customers £4.7 million and committed to improvements
· Ofgem will more than double minimum payments to those affected by severe weather incidents in future and has put the industry on notice that it must learn from the lessons of last winter


more...

[gbb483] 23/7/2014 11:13

None - punters who play with stop losses would've had scripts to reset them for the dividend.

Talking of which, we're now up on the day taking the dividend into consideration.

[hanse495] 23/7/2014 09:40

I wonder how many stop losses got caught out this morning

[wad collector] 22/7/2014 22:33

Even Xd (60.7p)I don't think you will be waiting too long for £16 again. Unless there is a General Election looming of course...

[skinny] 22/7/2014 10:40

I was expecting a bit more interest ahead of tomorrow - the recent price movement hardly inspires - I'm regretting not selling on the recent attempts @£16.

[philo124] 21/7/2014 22:28

No firm long term plan- too right. Been out of this for some time but maintain an interest in watching for a good price to get back in.

[wad collector] 20/7/2014 23:28

That is always a risky strategy when the share price can move so sharply .
Harvester , I think there is widespread ignorance about the fragility of the UK electricity supply. Successive Governments have either put their heads in the sand or tried to make political capital out of the suppliers , but we have an ageing infrastructure and still no firm long term plan. Ultimately , a UK Government is going to have to either let the market sort this out (Which will result in higher prices) , or heavily invest in the supply chain. Either way , companies like SSE will benefit. This may take years , hence my reference to pension.