SSE PLC CMA Energy Market Investigation (3409S)

TIDMSSE

RNS Number : 3409S

SSE PLC

07 July 2015

SSE plc

CMA ENERGY MARKET INVESTIGATION - PROVISIONAL FINDINGS AND NOTICE OF POSSIBLE REMEDIES

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."

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCUGUGUMUPAUQM