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Pin to quick picksSSE Share News (SSE)

Share Price Information for SSE (SSE)

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Share Price: 1,709.50
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Ask: 1,714.50
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Household energy bills expected to rise in 2019 despite price cap

Mon, 20th Aug 2018 09:50

(Sharecast News) - Power bills in the UK are likely to rise by £60 next year despite the introduction of a price cap by the government, according to a new analysis.Recently the government committed to implementing a new energy price cap by the end of this year which would include a limit on the gap between energy firms' most expensive and cheapest tariffs.The regulator Ofgem is set to give details on the plans in September, although, the analysis by Cornwall Insight revealed that energy bills could still rise 5% (£60 a year) by April 2019.Robert Buckley, research director at the energy market consultant, said: "On the safeguard tariff forecasts, we believe there's another £60 rise coming in April - mainly due to policy and wholesale cost increases. These rises will be felt by all suppliers regardless of whether tariffs are capped or not."The bills are expected to level out after the summer of 2019 and remain the same until summer 2020, the research suggested.With several of the big energy providers having already raised prices two times this year, SSE is felt to be most likely to announce a second rise in the near future, one industry insider told The Guardian, as it had the cheapest standard variable tariff of the pack and a sizeable number of customers on the default tariffs.HELP FROM EUROPEAnother issue that could affect UK energy bill prices is Brexit and the increasing dependency of the UK's energy system on the European Union.Currently there are four power interconnectors between the UK and Europe that provide consumers with energy but there are 11 more under construction or mooted by developers. Power company National Grid feels links between the EU and the UK are good for consumers because lower wholesale prices on the continent could lead to cheaper energy bills in the UK.Nevertheless, Brexit poses a risk to this scheme since trading with the EU could become harder after the divorce from the block.
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20 Jan 2023 07:51

LONDON BRIEFING: UK retail sales fall in December; US Fed to stay firm

(Alliance News) - Stock prices in London were set to open higher on Friday, despite a warning about higher-for-longer US interest rates and an unexpected fall in UK retail sales in December.

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20 Jan 2023 07:05

SSE lifts earnings forecast

(Sharecast News) - Power generator SSE upgraded annual earnings expectations as higher gas prices and better storage offset lower-than-expected renewables output.

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18 Jan 2023 10:39

Morgan Advanced Materials names former SSE CEO as chair designate

(Alliance News) - Morgan Advanced Materials PLC on Wednesday named former John Wood Group PLC chair and SSE PLC chief executive officer Ian Marchant as its new chair.

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18 Jan 2023 09:47

LONDON BROKER RATINGS: Bank of America and Oddo BHF cut Whitbread

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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17 Jan 2023 09:36

LONDON BROKER RATINGS: Bernstein cuts Unilever to 'underperform'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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16 Jan 2023 09:34

LONDON BROKER RATINGS: SocGen raises Severn Trent to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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13 Jan 2023 09:40

LONDON BROKER RATINGS: Berenberg likes Pendragon; HSBC cuts Keywords

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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9 Jan 2023 09:49

LONDON BROKER RATINGS: Peel Hunt raises real estate; UBS cuts Ashmore

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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5 Jan 2023 15:41

UK dividends calendar - next 7 days

Friday 06 January 
British Land Co PLCdividend payment date
Hill & Smith PLCdividend payment date
JD Sports Fashion PLCdividend payment date
JPMorgan European Growth & Income PLCdividend payment date
JPMorgan Global Growth & Income PLCdividend payment date
Pets at Home Group PLCdividend payment date
RS Group PLCdividend payment date
Town Centre Securities PLCdividend payment date
Monday 09 January 
abrdn Equity Income Trust PLCdividend payment date
Caffyns PLCdividend payment date
Chelverton UK Dividend Trust PLCdividend payment date
Intermediate Capital Group PLCdividend payment date
Investec PLCdividend payment date
Tuesday 10 January 
LondonMetric Property PLCdividend payment date
Norcros PLCdividend payment date
Wednesday 11 January 
3i Group PLCdividend payment date
Assura PLCdividend payment date
Bellway PLCdividend payment date
Fidelity Special Values PLCdividend payment date
National Grid PLCdividend payment date
Personal Assets Trust PLCdividend payment date
Severn Trent PLCdividend payment date
VP PLCdividend payment date
Worldwide Healthcare Trust PLCdividend payment date
Thursday 12 January 
Ashtead Group PLCex-dividend payment date
BlackRock Latin American Investment Trust PLCex-dividend payment date
BlackRock Latin American Investment Trust PLCspecial ex-dividend payment date
D4T4 Solutions PLCdividend payment date
Ecora Resources PLCex-dividend payment date
European Assets Trust PLCex-dividend payment date
Focusrite PLCex-dividend payment date
GSK PLCdividend payment date
JPMorgan Asia Growth & Income PLCex-dividend payment date
Majedie Investments PLCex-dividend payment date
Majedie Investments PLCex-dividend payment date
Origin Enterprises PLCex-dividend payment date
Premier Miton Group PLCex-dividend payment date
Primary Health Properties PLCex-dividend payment date
Regional REIT Ltddividend payment date
Sage Group PLCex-dividend payment date
Schroder UK Mid Cap Fund PLCex-dividend payment date
Smiths News PLCex-dividend payment date
SSE PLCex-dividend payment date
TR Property Investment Trust PLCdividend payment date
  
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4 Jan 2023 09:38

LONDON BROKER RATINGS: Bernstein cuts Aveva to 'market-perform'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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3 Jan 2023 09:24

LONDON BROKER RATINGS: Citigroup cuts Wizz Air; Redburn likes CRH

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning, Monday and late Friday:

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3 Jan 2023 09:03

LONDON MARKET OPEN: Stocks jump in first session of 2023

(Alliance News) - Stock prices in London made a strong start to the new year on Tuesday, despite weak Chinese data and the UK suffering a fresh wave of rail strikes.

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21 Dec 2022 16:38

IN BRIEF: SSE Managing Director Wheeler sells GBP50,000 in shares

SSE PLC - Perth, Scotland-based electricity utility - SSE Renewables Managing Director Stephen Wheeler sells 3,000 shares at GBP17.09 each, worth GBP51,270, in London on Wednesday.

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15 Dec 2022 12:23

LONDON MARKET MIDDAY: Bank of England lifts rates by half a percent

(Alliance News) - Stock prices in London were lower at midday, after the Bank of England raised UK interest rates by half a percentage point, as expected.

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15 Dec 2022 10:05

National Grid and SSE welcome Ofgem's electricity investment approvals

(Alliance News) - National Grid PLC and SSE PLC on Thursday said it welcomed the decision from Ofgem that confirmed that increased electricity transmission investment is necessary.

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