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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sse Plc | LSE:SSE | London | Ordinary Share | GB0007908733 | ORD 50P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
13.00 | 0.79% | 1,660.50 | 1,656.50 | 1,658.00 | 1,658.00 | 1,636.00 | 1,652.00 | 2,593,462 | 16:35:14 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Electric Services | 12.49B | -60.6M | -0.0555 | -298.74 | 18.12B |
TIDMSSE
RNS Number : 3890E
SSE PLC
09 February 2018
SSE plc
Capacity Market Auction Provisional Results T-4 2021/2022
SSE plc has provisionally secured agreements to provide a total of 4,177MW (megawatts) of de-rated electricity generation capacity from October 2021 to September 2022 in the GB Capacity Market auction.
The auction cleared at a price of GBP8.40/kW (kilowatt) with the provisional results published today and subject to confirmation by the Secretary of State for Business, Energy and Industrial Strategy.
The SSE capacity which has provisionally secured an agreement comprises:
-- 806MW of hydro electric and pumped storage plant; and -- 3,371MW of gas-fired and embedded power generating plant
The total value secured by SSE is around GBP35.1 million. The revenue will be received on a pro-rated basis throughout the delivery year. To secure the revenue arising from the Capacity Market, providers of capacity must produce electricity or reduce demand when the system requires it in 2021/22; failure to do so will result in penalties being levied.
2,811MW of SSE's de-rated capacity which prequalified for the auction did not secure an agreement. This includes:
-- SSE's proposed new build CCGT, Keadby 2 (767MW de-rated capacity).
-- SSE's coal-fired power station Fiddler's Ferry (1,743MW de-rated capacity). The result has no immediate impact on the station as three of the four units at Fiddler's Ferry have capacity obligations in the 2017/18 and 2018/19 delivery years. In light of the latest auction results, SSE will consult with major stakeholders and make a final decision about the future of Fiddler's Ferry beyond the station's capacity contract commitments, which run to September 2019.
SSE's Wholesale business priorities in 2017/18 and beyond continue to include a focus on maintaining and operating its generation portfolio efficiently and reliably while analysing market conditions and opportunities to create value.
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
February 09, 2018 02:38 ET (07:38 GMT)
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