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Pin to quick picksSSE Share News (SSE)

Share Price Information for SSE (SSE)

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Share Price: 1,854.50
Bid: 1,854.00
Ask: 1,854.50
Change: -7.50 (-0.40%)
Spread: 0.50 (0.027%)
Open: 1,862.00
High: 1,866.00
Low: 1,854.50
Prev. Close: 1,862.00
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SSE Closes Cheshire Coal Power Plant Unit, Negligible Impact Expected

Tue, 19th Mar 2019 15:42

LONDON (Alliance News) - SSE PLC said Tuesday it was closing one of its units at a coal-powered power station in Cheshire, despite not expecting it to have a significant impact on the system.

The gas and electricity utility announced it would close Unit 1 of its Fiddler's Ferry plant in Warrington which has a capacity of 485 megawatts.

The closure will see Fiddler's Ferry drop total capacity to 1,510 megawatts from 1,995 megawatts prior. The FTSE 100-listed firm, however, believed the impact of the closure would be "negligible" as the power plant has a transmission entry capacity of only 1,455 megawatts.

"The UK Government has committed to phasing out coal power stations by 2025 and it is well known that the economics of coal are challenged," SSE explained in a statement. "SSE will continue to review the long term future for the station."

Shares in SSE were 0.4% higher at 1,229.29 pence on Tuesday.

More News
17 Nov 2022 13:01

UK's Hunt says average household energy bill to rise, keeps cap

LONDON, Nov 17 (Reuters) - British finance minister Jeremy Hunt said the cost of an average household energy bill would rise to 3,000 pounds ($3,555) a year from April after he reined in the scale of support for gas and electricity, but kept a price cap until 2024.

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17 Nov 2022 12:52

Sterling, UK bond prices edge lower as Hunt outlines tough budget

LONDON, Nov 17 (Reuters) - Sterling and government bond prices fell on Thursday after British finance minister Jeremy Hunt announced a string of tax increases and tighter public spending in a tough budget plan.

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17 Nov 2022 12:42

Energy firms resilient as Hunt announces new windfall taxes

(Sharecast News) - Shares in energy firms initially slumped on Thursday after Chancellor Jeremy Hunt outlined new windfall taxes in his Autumn Statement, but prices quickly recovered.

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17 Nov 2022 12:28

UK's Hunt says average household energy bill to rise, keeps cap

LONDON, Nov 17 (Reuters) - British finance minister Jeremy Hunt said the cost of an average household energy bill would rise to 3,000 pounds ($3,554.70) a year from April after he reined in his predecessor's vast support package for gas and electricity bills.

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17 Nov 2022 12:17

Britain's Hunt sets out plans to reduce energy consumption by 15% by 2030

LONDON, Nov 17 (Reuters) - British finance minister Jeremy Hunt on Thursday said he wanted the country to become more energy efficient, outlining a new goal to reduce energy consumption by 15% over the next eight years to save money.

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17 Nov 2022 11:48

UK's Hunt increases energy windfall tax

LONDON, Nov 17 (Reuters) - British finance minister Jeremy Hunt said on Thursday the government would increase a windfall tax on oil and gas firms and extend it to power generation firms as he seeks to raise money to plug a hole in the public finances.

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16 Nov 2022 09:45

TOP NEWS: SSE swings to interim loss on costs despite big revenue jump

(Alliance News) - SSE PLC on Wednesday said it swung to a pretax loss in the six months that ended September 30, as the Perth, Scotland-based electricity provider saw its cost of sales soar.

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16 Nov 2022 09:01

LONDON MARKET OPEN: Sterling firms after record UK inflation print

(Alliance News) - Stocks in London were mixed at the open on Wednesday, but the pound was getting support, following a hotter-than-expected inflation reading from the UK.

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16 Nov 2022 07:55

LONDON BRIEFING: SSE swings to interim loss despite 60% revenue rise

(Alliance News) - Stocks in London are called lower on Wednesday, following a hotter-than-expected inflation reading for the UK and a day before UK Chancellor Jeremy Hunt unveils his autumn budget.

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16 Nov 2022 07:04

SSE swings to H1 loss in volatile trading environment

(Sharecast News) - UK energy provider SSE swung to an interim loss on a reported basis in the face of what it called "unprecedented" market volatility as gas storage earnings driven by soaring prices offset weaker earnings from renewables.

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15 Nov 2022 21:08

U.S. stocks bob and weave, end higher

Main U.S. indexes end higher: Nasdaq leads

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15 Nov 2022 19:26

Walmart gives bright start to retail results this week

Main U.S. indexes advance: Nasdaq up ~1.6%

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15 Nov 2022 17:58

JPM warns recession risks persist despite market euphoria

Main U.S. indexes advance: Nasdaq up ~2.1%

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15 Nov 2022 17:24

Watch out what the VIX says after CPI, PPI data

Main U.S. indexes advance: Nasdaq up ~2.3%

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15 Nov 2022 16:48

First the downshift, then the pause, then the pivot, then the party

Main U.S. indexes advance: Nasdaq up ~2.5%

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