- Sky News•13 hours ago
The boss of a 'big six' energy firm has joined industry criticism of Tory plans for bill caps, suggesting controversial standard tariffs be abolished instead. Keith Anderson, chief executive of ScottishPower, used the release of the supplier's first quarter results to warn that such Government intervention would harm progress made in the industry to boost competition. While he is not alone in that view in the sector, his potential alternative is a sign that the industry is feeling the heat from political and regulatory pressure over recent hikes in standard variable tariffs (SVTs).
- Sky News•3 days ago
Big Six energy firms Centrica (Frankfurt: A0DK6K - news) and SSE (LSE: SSE.L - news) each suffered a shares sell-off after the Conservatives signalled energy caps would be in their election manifesto. British Gas owner Centrica slipped by nearly 4% while SSE ended 2% lower in reaction to the prospect of a market intervention on standard variable tariffs.
- Sky News•15 days ago
EDF (Paris: FR0010242511 - news) is hiking bills for the second time this year, a move that has been described as "difficult to justify" by energy regulator Ofgem. The French-owned firm, one of the "Big Six" energy firms, said a typical standard variable dual fuel bill would increase by £78 a year, or 7.2%, to £1,160 from 21 June, in a move affecting 1.5 million customers. Combined with a 1.2% bill increase that took effect earlier this year, it will put a typical household's gas and electricity costs for the year up by 8.5%, or £91 - nearly four times the current rate of wage growth.
SSE.L: Summary for SSE PLC ORD 50P - Yahoo Finance
SSE plc (SSE.L)
LSE - LSE Delayed price. Currency in GBp
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|Bid||1,396.00 x 401200|
|Ask||1,397.00 x 27500|
|Day's range||1,385.00 - 1,397.00|
|52-week range||1,369.00 - 1,644.00|
|PE ratio (TTM)||18.89|
|Dividend & yield||1.16 (6.20%)|
|1y target est||N/A|