|Bid||1,323.50 x 401200|
|Ask||1,324.50 x 27500|
|Day's Range||1,319.00 - 1,334.50|
|52 Week Range||1,176.50 - 1,554.00|
|PE Ratio (TTM)||9.80|
|Forward Dividend & Yield||0.92 (7.12%)|
|1y Target Est||N/A|
I am going to run you through how I calculated the intrinsic value of SSE plc (LSE:SSE) using the discounted cash flow (DCF) method. If you want to learn moreRead More...
Britain's Co-operative Energy will buy fellow energy supplier Flow Energy, the two companies said on Tuesday, with the smaller firm warning it would have struggled under the government’s looming price cap. Flow Energy, the main business of Flowgroup (FLOWF.L), which is listed on London Stock Exchange's AIM junior market, will be sold for 9.25 million pounds ($13.10 million), FlowGroup said. Flow Energy has around 130,000 customers and is one of the more than 50 suppliers challenging Britain's big six energy providers - Centrica's (CNA.L) British Gas, SSE (SSE.L), E.ON (EONGn.DE), EDF Energy (EDF.PA), Innogy's (IGY.DE) Npower and Iberdrola's (IBE.MC) Scottish Power.
Britain has rebuffed calls from the gas industry for an urgent review of the country's gas storage capacity after a cold snap this month triggered warnings of supply shortages and gas prices spiked to their highest in at least a decade. Operators of gas storage sites, industries reliant on gas and developers of new storage projects have been asking for an inquiry since November, following the closure of the Rough site that provided 70 percent of Britain's gas storage capacity. The government says it is up to the market to determine whether it makes sense to invest in new gas storage and if there are any supply shortages, prices will rise sufficiently to attract more gas from elsewhere.
SSE plc (LSE:SSE) delivered an ROE of 24.14% over the past 12 months, which is an impressive feat relative to its industry average of 8.01% during the same period. Superficially,Read More...
LONDON (Reuters) - SSE's (SSE.L) Aldbrough gas storage site in Britain will close for maintenance from May 9 to May 23, the company said on Wednesday. The site will have no injection or withdrawl capacity ...
** CEO Alistair Phillips-Davies said the cap will discourage investment in the energy supply sector. ** "Given how critically important and difficult the task of setting the cap will be, suppliers should have the right to appeal the level of the cap on the merits via an independent expert body such as the Competition and Markets Authority," Phillips-Davies said in a statement.
LONDON (Reuters) - npower, the British retail arm of German utility Innogy (IGY.DE), lost 155,000 domestic accounts last year amid the highest customer churn in the UK for several years, the firm said in its annual results on Monday. Npower's revenues for 2017 dropped by 76 million pounds ($106 million) to 6.027 billion pounds due to fierce competition between suppliers, it said in a statement. It had 4.56 million UK customer accounts at the end of 2017, down from 4.71 million a year earlier.
RWE and E.ON's (EONGN.DE) surprise carve up of Germany's Innogy (IGY.DE) could complicate a merger of SSE (SSE.L) and Innogy-owned npower to create Britain's second largest energy supplier, although both firms said it remained on track. Under Sunday's proposed break-up of Innogy, its assets will be divided between parent RWE and E.ON, which would take over npower, potentially raising regulatory concerns, some analysts said on Monday. SSE and npower said last year they would merge their retail gas and power operations, combining some 11.5 million customers to better challenge top-ranked British Gas.
ESSEN, Germany (Reuters) - Innogy (IGY.DE) said a planned retail energy joint venture with British peer SSE (SSE.L) has great strategic importance for the group, adding the deal had been filed with British ...
LONDON (Reuters) - A record number of British energy customers switched supplier in February, data from industry group Energy UK showed on Monday. * 668,000 customers switched during the month, the highest ...
RWE (RWEG.DE) should keep a majority in network and renewables unit Innogy (IGY.DE), its biggest shareholder said on Wednesday, as the German utility considers options for its 76.8 percent stake. RWE has said it is considering all options with respect to Innogy, Germany's biggest energy group with a market cap of 19.1 billion euros (17.08 billion pounds), which RWE carved out and listed in 2016. Sources have said that the group has talked to France's Engie (ENGIE.PA) and Italy's Enel (ENEI.MI) about a possible asset swap deal in which RWE would trade its majority in Innogy for a minority in a new cross-national entity.
Britain's energy regulator wants to trim 5 billion pounds from consumer bills over five years from 2021 by slashing the amount gas and electricity network firms can return to shareholders, it said on Wednesday. Rising energy bills have drawn increasing public criticism, prompting Prime Minister Theresa May promise an end to what she has called "rip off" gas and electricity bills. Under its proposals, Ofgem plans to cut the "cost of equity range", or the amount network firms pay their shareholders, to 3 to 5 percent for the next regulatory period starting 2021, down from 6 to 7 percent now.
Britain's energy suppliers will be banned from back billing customers for energy used more than 12 months ago, regulator Ofgem said on Monday. The move comes as pricing by Britain's energy firms is under political scrutiny and a week after a law was introduced aimed at capping bills. The new rule will come into effect at in May for domestic consumers and in November for microbusinesses, Ofgem said.
The investigation will assess whether the deal would significantly reduce competition in the supply of energy to domestic customers in the UK. The CMA has been discussing the deal with SSE Retail and npower since it was announced in November.
LONDON (Reuters) - The market share of Britain's big six energy firms of domestic customers in the country fell to a record low in 2017, as smaller rivals lured customers away with cheaper deals, energy ...
Prime Minister Theresa May will cap the energy bills of 11 million British households for as long as five years under a new law introduced to parliament on Monday, aimed at tackling what she describes as "rip-off" energy prices. The new legislation will force the energy regulator Ofgem to cap electricity and gas prices until 2020 when the regulator will recommend whether it should be extended on an annual basis up to 2023, the government said. The government said that some customers are being charged more than 300 pounds than they should be, and the cap will apply to expensive plans that customers are moved to when their cheaper fixed deals end.
SSE plc (LSE:SSE) trades with a trailing P/E of 9.3x, which is lower than the industry average of 18.2x. Although some investors may jump to the conclusion that this isRead More...
If you are an income investor, then SSE plc (LSE:SSE) should be on your radar. SSE plc produces, generates, distributes, and supplies electricity and gas, as well as other energy-relatedRead More...
Britain's government must act urgently to ensure a price cap on domestic energy prices is in place by next winter to help fix the country's broken energy market, a parliamentary committee said on Tuesday. Prime Minister Theresa May said in October she would impose controls to tackle what she called "rip-off energy prices" - home power bills have doubled in Britain over the past decade to an average of about 1,150 pounds a year. The government must pass a law before Britain's energy regulator Ofgem can set a cap, and Ofgem said last month this must be passed by the summer if the cap is to be in place to keep bills lower next winter.
Britain's latest auction for back-up electricity cleared well below expectations but without many new gas projects securing agreements which are thought to be needed to help bridge the gap when coal and nuclear plants come offline next decade. Thursday's auction for 2021/22 supply cleared at 8.40 pounds ($11.71) per kilowatt (kW) per year, National Grid's website showed, well below the 15 to 25 pounds range which analysts had forecast. Out of the 50.4 GW of capacity agreements awarded, 48.4 GW was existing capacity and interconnectors.
Hydro energy output also rose to 2.5 TWh from 2.1 TWh a year ago. Power suppliers in Britain have been under pressure from the emergence of small and aggressive rivals as well as being threatened by a price cap on retail prices proposed by Prime Minister Theresa May's government. Britain's "big six" energy suppliers, Centrica's (CNA.L) British Gas, Iberdrola's (IBE.MC) Scottish Power, E.ON (EONGn.DE), EDF Energy (EDF.PA), SSE and npower, are all currently struggling.