‘No risk’ to utility giant SSE before Brexit vote

SSE also flagged a fall in earnings at its core retail division. Picture: Andrew Milligan/PA Wire

SSE also flagged a fall in earnings at its core retail division. Picture: Andrew Milligan/PA Wire

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Scottish utility group SSE has said the coming EU referendum “presents no immediate risk” to how the company serves its customers or decides on its investment plans.

But the owner of Scottish Hydro gave warning that the level of risk might rise if “following the referendum there is a prolonged period of uncertainty about the legislative or regulatory framework that SSE operates within”.

It added: “Regardless of the outcome SSE agrees with the UK government that collaboration with other European countries on energy matters is important for UK consumers.”

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In a statement ahead of its annual results due on 18 May, the “big six” energy supplier confirmed that falling numbers of energy customers would contribute to a fall in full-year earnings at its core retail division.

Perth-based SSE said that in the financial year to the end of March adjusted earnings per share would be between 117p and 119p.

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