Sse Share Discussion Threads

[spawny100] 24/5/2022 07:29

Seems Sunak ordering a Windfall tax on electricity generators (according to the FT).

[enami] 24/5/2022 07:27

So, what is happening here? Down 8%. Was expecting results tomorrow but I suppose some bad news has leaked early.

[frederickbloggs] 24/5/2022 07:27

Yes, oh dear. What upset the apple cart here this morning?

[spawny100] 24/5/2022 07:26

Why huge drop today here?

[frederickbloggs] 20/5/2022 14:54

Here's something you will find very interesting. Sadly, to date, they haven't yet built their first plant. It's incredibly frustrating, when the energy market is developing the way it is and these people are struggling for crumbs that fall off the table. https://www.storelectric.com/

[pierre oreilly] 20/5/2022 14:35

Agree about batteries. Musks biggest in the world battery is a mere 300MW, and that has proven to be unstable (incidentally, as i predicted while it was being built).Packing lithium batteries together in such enormous quantities was a fire waiting to happen, and it did, and was uncontrollable for 4 days. I think we can say goodbye to mass battery storage in one big battery until we get a more stable technology than lithium.

Still, such concerns don't worry many, who'll simply carry on presenting batteries as a solution for just about every problem the grid faces, even after the evidence we mow have. Green is more a belief based system than evidence based.

Whichever way anyone looks, there's only one solution for the long term bulk supply of electricity. And it isn't anything intermittent, obviously.

[frederickbloggs] 20/5/2022 14:07

Yes, I know, I have been there several times. Apologies if my post wasn't clear. I meant that a battery facility the same size as Dinorwic is like crazy large. Thanks.

[pierre oreilly] 20/5/2022 13:37

Fred, Dinorwig is pumped storage too. Over its 40 year life, so far, it has recouped its cost many times over. Saved electricity users billions of quid, mainly by relieving steam plant the bother of supplying primary/secondary reserve which knocked several percent off their efficiency. The strange thing is Dino didn't actually have to generate anything to pay for itself quickly - it just had to be ready to generate if required. These days, it generates everyday i bet, after its reserve duty, to get some extra generation payments. Pity the nukes are no longer there in quantity to supply the power to pump at night - windmills are a bit hit and miss at that. Given we now have (an excess) of windmills, I expect there'll be less time with them constrained off since scottish windmills will be able to power the Coire Glas pumps (irrespective of the interconnector state).

Re battery storage - after a certain penetration of batteries, problems like lack of system momentum will come to light since batteries don't have any!

[marktime1231] 20/5/2022 13:18

Agreed. It is something we should never have cause to regret. Put the investment proposal on my desk and I will sign (ten years ago).

[frederickbloggs] 20/5/2022 12:56

We desperately need Coire Glas to go ahead. There's a problem relying only on battery storage, a diversity of technologies is always good. And to build another Dinorwic based on batteries is stretching it somewhat in my opinion. Coire Glas, if built, will likely operate for a hundred years with maybe one or two repowering jobs in that time. Dead simple, dead reliable. No risk of large battery fires.

[pierre oreilly] 20/5/2022 09:48

While it's excellent that money is going into something based on engineering considerations instead of 'green' considerations, the whole project isn't without concerns.

Cost. Dinorwig when built was the most expensive civil engineering contract awarded. I'm sure methods of safely carving out an enormous cavern inside a mounain is cheaper these days, but even so, i hope there's gov guarantees for a project of this size.

Dino was predicated on supply of primary and seconday reserve power. I.e. fast reacting, on standby all the time, sometimes spinning in air, (such reserve payments are very high, and in addition to generation payments should they be instructed to generate - it's just insurance really). The bumpf of this umped hydro seems to be mainly about storage and not automatic frequency support (i.e. primary/secondary reserve). I think that may be due to the public understanding storage and not reserve (fair enough).

But, It's in Scotland, and a long way from the demand in the south east of england, so tramsmission losses there, and that assumes the scotland/england interconnector isn't already at capacity. (There's no suitable sites in the se for pumped storage, or in england at all).

There was an element of obfuscation in the video, Something like 'we have 4GW of storage now, and 40GW are needed and this 1500MW project will go a long way to satisfy that' owtte. Probably an intentional use of 1500MW as opposed to 1.5GW.

All in all, great to see more pumped storage, but we won't get the benefits of dinorwig, and i hope the costs are well controlled.

We really need nukes (and storage) to solve our looming problems, and I'm afraid to say, more windmills make the situation worse, not better.

[ram376s] 19/5/2022 11:38

Pop up SSE .300 nurses to train forGDR new game changer test . Possible multibagger.Anticipated news .

[maywillow] 19/5/2022 11:11

SSE PLC and Brookfield Asset Management have signed a power purchase agreement with a consortium of Dutch industrial companies for the supply of electricity from the Hollandse Kust West offshore wind farm in the Netherlands.

The U.K. energy group said Thursday that the consortium, which represents 13 large and small consumers, will receive a large part of the power produced by the 700-megawatt wind farm for 15 years.

"The contract provides critical renewable power to Dutch industrial companies, some of which do not have an investment grade credit rating and therefore could otherwise not access low carbon energy in this way," SSE said.

SSE and asset manager Brookfield last week submitted joint bids for the Hollandse Kust West offshore wind tenders.



Write to Jaime Llinares Taboada at [e-mail]; @JaimeLlinaresT



(END) Dow Jones Newswires

May 19, 2022 06:15 ET (10:15 GMT)

[the deacon] 19/5/2022 09:41

Decision on SSE's Coire Glas pumped hydro by the summer if I recall correctly

[marktime1231] 17/5/2022 16:27

Good to read Drax are pushing their plan to expand their Cruachan pumped hydro, a shame it will take 6-8 years we need this yesterday, a shame SSE are not progressing their own plans, a shame the recent UK policy panic response to the energy crisis does not set out how it will support such long duration storage schemes in order to give everyone the confidence to invest.

[skinny] 17/5/2022 13:10

The 25th should be interesting!

[garycook] 17/5/2022 13:09

Skinny,Another £1 to go at least.

[skinny] 17/5/2022 12:49

Another ATH @1,899.50.

[bountyhunter] 17/5/2022 12:26

1888p now, looking like we may be heading for yet another closing high!

Live price

[frederickbloggs] 17/5/2022 10:37

2000 here by end of summer? Perfect energy market for SSE and their strategy.

[jrphoenixw2] 30/4/2022 12:26

Another record close yesterday at 1868.5p. That was Friday's high too, which looks bullish considering it's a long weekend + all the stuff going on in the world.

I'm looking forward to 25th May - Prelim results and dividend declaration.

Meanwhile the Technical Analysis is looking robust too

[garycook] 29/4/2022 02:45

Skinny,Come back when SSE is £20.

[skinny] 28/4/2022 15:59

Another ATH @1,869.

[pierre oreilly] 27/4/2022 11:42

For each unit of electricity generated, Drax burning wood emits more co2 than when it burnt coal.

That's before considering the extremely energy intensive processes of turning trees into dry wood pellets, and then shipping them 4000 miles to Drax. (Compared to no processing for coal, and shipping it half a mile).

And drax was the cleanest coal station on the planet.

[marktime1231] 27/4/2022 11:30

Not a Drax investor nor am I exclusively a green energy obsessive, but their announcement today has me v irritated. Claiming that the import of wood pellet biomass from the US etc is 99% sustainable. And celebrating that it has CCS at the engineering design stage and is fully committed to making a financial investment decision in 2024 "with the right government support".

After coal I suspect Drax power station is one of the most intense emitters of atmospheric CO2 in the UK, importing wood chip from the US at a rate which is not at all sustainable and which would take 30-50 years to regrow so hardly carbon-neutral, only to burn it here without emmissions capture, and .... aaaaaagh!

To offset its damage Drax would have to plant new forest in the UK at the rate of ... starting 30 years ago ... aaaaagh!

Greenwashing what is a dirty business no better than running a log burner.

Much happier with SSE and those companies genuinely working towards not emitting greenhouse gas.