Sse Share Discussion Threads

[wad collector] 20/3/2023 09:53

It is inevitable that all these subsidies and regulations will result in gaming to maximise profit. You can't have a free market and a regulated one at the same time and not expect some conflicts of interest.

[jrphoenixw2] 17/3/2023 09:22

The intro of an article in today's Telegraph:
'
Wind farms to be blocked from keeping excessive profits

Jeremy Hunt closes loophole that allowed turbine owners to benefit from surging prices
By Rachel Millard 16 March 2023 • 7:34pm

Wind farms will be prevented from keeping excessive profits after an overhaul of subsidy rules designed to hold down bills.

Ministers have closed a loophole that allowed turbine operators to take advantage of surging electricity prices by delaying the start of their green energy contracts with the Government.

It comes despite an outcry from developers over rising costs, which they say are threatening the new projects needed to hit net zero by 2050.

Michael Chesser, economics and markets manager at RenewableUK, the trade group, said: “At a time when developers are already having to deal with massive global increases in costs, this step will put further pressure on the viability of renewable energy projects.” [continues].

[2tantan] 04/3/2023 23:52

All quiet on the southern front?

[25october1969] 01/2/2023 09:25

……

[wad collector] 23/1/2023 23:05

Got yer BBs a bit mixed up there Pierre, you are picking a fight with no-one here!

[pierre oreilly] 23/1/2023 06:52

Tfp, why do you frequently post the absurd and illogical 'still scared of a mental 15 year old girl' everytime Greta is mentioned?It's you and your I'll who put her forward as a high profile ecoloon. High profile people get discussed and that, obviously, doesn't mean being frightened of her. But it does indicate how oddly your brain works.

[wad collector] 20/1/2023 17:09

Yeah I had forgotten that; it seems like a different Era...

Article on investing in Energy Utilities in IC today puts SSE ahead of NG and Centrica largely because of the Renewables investment allowed by the dividend reduction policy.


This is a medium to long term policy with no mention of the risks of renationalisation mind you.

[skinny] 20/1/2023 11:16

The end of 2021 I believe.

[garycook] 20/1/2023 10:43

The rebased FY dividend of 60p was announced months ago.So it is no surprise

[skinny] 20/1/2023 09:48

From yesterday :- UBS Buy 1,702.00p 1,650.00p 1,950.00p Reiteration

[wad collector] 20/1/2023 08:56

I wonder if the dividend cut is a play to try to avoid the headlines about electricity firms growing fat from the increased prices? Good strategy if it works , happy to have capital rise instead...

[tuftymatt] 20/1/2023 07:54

Fantastic news on the divi 👍🏻

[bountyhunter] 20/1/2023 07:51

Dividend info extended at the end of the header.

[bountyhunter] 20/1/2023 07:37

A strong trading update with the progressive dividend to be maintained.

SSE is updating its current expectations for full-year 2022/23 adjusted earnings per share to more than 150 pence from the previous guidance of at least 120 pence. This update reflects the strength and stability of its balanced mix of regulated and market-facing businesses with continuing good availability and supportive market conditions leading to flexible generation plant and gas storage optimisation significantly offsetting lower than planned renewables output and hedge buy-back costs. It also reflects a narrower range of probable financial outcomes with the decrease in risk from recent falls in forward power and gas prices and further clarity over the Electricity Generator Levy both reducing uncertainty in the financial outlook as the year has progressed.

[coxsmn] 17/1/2023 11:13

Bank of America raises SSE pt to 2000 (1840) buy

[peterangler] 03/1/2023 17:27

Ditto to that, more concerning was today's drop especially with the good news on gas prices

[wad collector] 03/1/2023 15:29

Time for that filter option again...
Anything sensible in that post is devalued by the ranting.