|Bid||1,221.50 x 0|
|Ask||1,222.50 x 0|
|Day's range||1,202.00 - 1,234.50|
|52-week range||1,038.50 - 1,703.00|
|Beta (5Y monthly)||0.44|
|PE ratio (TTM)||9.93|
|Earnings date||17 Jun 2020|
|Forward dividend & yield||0.92 (7.64%)|
|Ex-dividend date||16 Jan 2020|
|1y target est||1,324.00|
"We are seeing a rapid increase in customers using digital channels to engage with us ... we are expecting a permanent reduction in demand for some roles, whilst other field-based roles are also heavily affected," said OVO Chief Executive Stephen Fitzpatrick. The job losses would affect positions across both the SSE Energy Services and OVO Energy brands and would largely be achieved through voluntary redundancies over 2020, OVO said. OVO said it had been engaging with trade unions and had agreed not to proceed with moving some roles offshore.
Equinor and SSE Renewables, expect to take the final investment decision on the first two phases of the Dogger Bank offshore project, the world's largest wind farm, by the end of this year, the two partners said on Wednesday. Equinor has made a commitment to continue investing in renewable energy to transform itself from an oil and gas producer to a "broad energy" company, while also cutting spending on oil and gas projects as demand has been hit by the COVID-19 pandemic. The 3.6-gigawatt (GW) wind farm off Britain's northeast coast will potentially provide electricity to more than 4.5 million UK homes, and help Britain to achieve its goals to cut carbon emissions, Equinor said on its website.
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The British government has agreed emergency measures with the energy industry to ensure vulnerable households remain supplied with power during the disruption caused by the novel coronavirus, it said on Thursday. Disconnection of credit meters will be completely suspended, while energy customers in financial distress can also ask their suppliers for debt repayments and bill payments to be reassessed, reduced or paused, the government said. The agreement has been signed by all UK domestic energy suppliers and will come into force immediately.
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SSE (LON:SSE) is a large cap energy company engaged in the generation, transmission, distribution and supply of electricity. Right now the SSE share price app8230;
British energy companies will from May 1 be forced to pay automatic compensation to customers facing problems when switching supplier, regulator Ofgem said on Wednesday. Britain has a cap on the most widely used energy bills but Ofgem wants to encourage people to look at switching supplier to see if even more money can be saved. "We are introducing these new standards to give customers further peace of mind, and to challenge suppliers to get it right first time," said Mary Starks, executive director for Consumers and Markets at Ofgem.
UK's energy regulator said on Friday the price cap for bills will fall by 17 pounds to 1,162 pounds during the summer, as wholesale energy prices have declined in the last few months. "A strong supply of gas, such as record amounts of liquefied natural gas and healthy gas stock inventories, has been the main factor pushing down wholesale prices," Ofgem said. Ofgem, citing a drop in wholesale prices, lowered the cap last August as well by 75 pounds.
OVO Energy has agreed to pay 9 million pounds ($11.8 million) to its clients after billing problems, in a voluntary move agreed with market regulator Ofgem just two weeks after it became the country's second biggest supplier. A relative newcomer to the market, OVO joined the ranks of Britain's "Big Six" energy suppliers with a 500 million pound takeover of SSE Energy Services, the retail arm of OVO's peer SSE, this month, expanding its client base to 5 million homes. On Wednesday, Ofgem said its investigation showed that due to failings in OVO's IT systems and compliance gaps, too many of its clients were billed in inaccurate or incomplete ways for over five years, resulting in overcharges for some.
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London Power, which will provide affordable green energy to Londoners, is a joint venture between City Hall and Octopus Energy.