Sse Share Discussion Threads

[cwa1] 07/11/2017 14:06

SSE PLC

07 November 2017

SSE PLC

In line with its stated commitment to embrace change in each of its businesses, adapting them to the political, economic, social and technological requirements of customers and of society as a whole, the Board of SSE plc has been in discussions with innogy SE about creating a new independent energy supply company to which would be contributed: SSE's household energy supply and services business in Great Britain; and innogy's household and business energy supply business in Great Britain.

The discussions between SSE and innogy are continuing and are well-advanced but no final decisions have been taken and no binding agreements regarding the terms of any combination have been entered into. Any proposal to form a new company combining the businesses described above would be subject to the customary regulatory approvals, and approval of the transaction by SSE plc shareholders. The combined business would be listed and SSE would demerge its shares to its shareholders.

In discussions, SSE is mindful of the requirements of customers and the concerns of employees. It will disclose the outcome of the discussions as soon as they are concluded; but in the meantime will not be commenting further on any aspect of the discussions.

[bountyhunter] 05/11/2017 13:51

interesting and well worth a read...

SSE eyes domestic energy market exit as price cap looms

Britain's second largest energy supplier may turn its back on supplying homes with gas and power
Jillian Ambrose
4 NOVEMBER 2017 • 8:30PM
Britain's second-largest energy supplier is eyeing the exit as the Government’s crackdown on energy bills threatens profits.

SSE, formerly known as Scottish and Southern Energy, may turn its back on supplying gas and power to almost 8m British homes ­after years of political threats against the six largest energy companies comes to a head.

City sources say the FTSE 100 energy giant is quietly discussing early plans to sell off its customer accounts, or even spin the business off as a separate listed company in order to focus on networks and renewable energy and avoid the Government’s looming energy price cap.

The chance of a radical change to the Big Six comes as ministers legislate the deepest intervention in the market since privatisation in order to cap standard tariffs.

“At this stage the business is more trouble than it’s worth,” said one investment banker who has spoken with SSE executives....

[gateside] 04/11/2017 22:27

Tomorrow's Telegraph has article suggesting SSE are looking at exiting the domestic energy market.

[pierre oreilly] 02/11/2017 11:50

The last I heard the cap would only apply to those on the default tariff and claiming benefits. Not sure what sort of tariff they are going to be moved to.Your views don't seem to reflect helms report from which the government will formulate future energy policy. From what I can see, subsidies and market bending to enable eco companies to extract vast amounts from taxpayers are all to be cut down. In particular, those who cause instability on the grid are going to have to pay for the measures the grid supplies to correct. The are all intermittent technologies like wind and solar.

[grahamwales] 27/10/2017 21:26

Any company can and do invest in clean energy, the days of energy producers being energy providers are numbered. The likes of shell and BP will invest heavily into new energy and will sell to and provider.

The strangle hold of the big 6 is slowly but surely ending, and the threat of jobs losses won’t work as other smaller providers will be employing more.

[veryniceperson] 27/10/2017 19:11

Does anybody think things will change. These companies need to invest in new power stations, turbines, not cheap. What would you expect to pay for a days energy? That is out of interest.

[grahamwales] 27/10/2017 18:52

Once the price cap kicks the big 6 are going to suffer big time bearing in mind the majority of revenue comes from variable tariffs. Not a good place to be short or long term imo

[ruethewhirl] 26/10/2017 04:33

Very attractive yield at this price. Might grab some.

[wad collector] 25/10/2017 17:17

UK businesses and consumers are paying too much for their energy - and more than necessary to help the environment - an independent report has concluded.
Prof Dieter Helm, from Oxford University, was asked by the government to examine how to reduce energy costs while achieving climate change targets.
He concluded that energy-users should have benefited more from falling costs and technical efficiencies.
And he recommended a new default tariff to replace current variable tariffs.
That new tariff would effectively cap the profits made by energy companies, although prices themselves would not be controlled.


This is not the latest price cap announcements. Not helping the share price dip.

[macthepak] 25/10/2017 15:49

Yield is just too attractive at this price. Have reduced my holding in several REITs I have and purchased more SSE.

This should see saw back in the 1390 - 1400 in the next few days, for those who want to make a quick profit.

[1squintyflinty] 25/10/2017 14:55

Divi is 6.72% wow...

[strutt12] 25/10/2017 14:13

Then down like a rock, all of 35P!

[wad collector] 23/10/2017 15:58

Up like a rocket , all of 15p!
I think this is a much longer game.

[macthepak] 23/10/2017 13:24

As predicted the price is up in the morning session

[macthepak] 22/10/2017 11:27

Headline in the independent today:

Civil servants lay ground to dump Theresa May's planned energy bill cap amid cabinet split

hxxp://www.independent.co.uk/news/uk/politics/theresa-may-energy-bill-cap-civil-servants-power-firms-big-six-whitehall-government-a8011296.html

More uncertainty, but good uncertainty for SSE, if the report is genuine, should see a price rise tomorrow in early trading.

[action] 20/10/2017 14:16

At what price ?

[veryniceperson] 20/10/2017 13:22

Time to buy then!!!

[aleman] 20/10/2017 12:11

Don't shoot the messenger.



Cold and snow to start at end of the month as betting odds for coldest winter on record drop to 4/1.

[veryniceperson] 12/10/2017 16:01

If you had the funds, a great share to play. Talking about 10 to 20k a time and lots of nerves.

[pierre oreilly] 12/10/2017 12:19

i live in surrey which has beer even more expensive on average than central london. still there's always wetherspoons.

Capping bills seems pretty cack to me. They want to cut bills by iirc £180. oh well, thats the electricity supply industry completely bust then .... and bills will go to 0 because there'll be no electricity.

but of course the detail is it's not everyone's bills ... very few in fact. just those on a standard tariff and claiming benefits (iirc, i think that's what i read). Be much easier to just give them the winter fuel payment imv.

bills have to rise just t keep up with the rising green subsidies paid from them.

[veryniceperson] 12/10/2017 11:50

I live in Cambridge mate, not cheap here!!!

[wad collector] 12/10/2017 11:31

I think you need to find cheaper beer.

[veryniceperson] 11/10/2017 16:33

Just sound bites. I spend on average £5.50 a day on gas and electricity, hot water on 24/7 it's a fair size house, that's not bad less than 2 pints of beer. How much cheaper do people want it. Power companies need to be profitable to invest in new power. All sound bites.

[alphorn] 11/10/2017 16:14

All government statements are a bit vague at the moment!