PERTH-based electricity and gas company SSE ground out a 2% rise in adjusted pre-tax profit to £1.3bn in its last financial year as high rainfall in Scotland helped it to a record year of output from its hydroelectric schemes.
PERTH-based electricity and gas company SSE ground out a 2% rise in adjusted pre-tax profit to £1.3bn in its last financial year as high rainfall in Scotland helped it to a record year of output from its hydroelectric schemes.
EXPECTATION: Ian Marchant hopes SSE will not have to hit customers with a rise in energy bills in the foreseeable future. Picture: Mark Mainz
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TIM SHARP CITY EDITOR
SSE, previously known as Scottish & Southern Energy, highlighted tough conditions including energy market upheaval, economic uncertainty and poor weather.
Chairman Lord Robert Smith said: "Higher wholesale gas prices, falling demand for energy and a succession of winter storms presented major challenges for the wholesale, retail and networks parts of SSE."
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