The Scotsman cartoon: SSE price freeze and job cuts

Power supplier SSE yesterday said it was freezing household energy prices until “at least” January 2016.

Illustration: Iain Green

The Perth-based group unveiled plans to trim £100 million off its annual cost base within the next two years. SSE said the cost-cutting exercise would lead to about 500 job losses around Britain, although it was aiming to avoid compulsory redundancies.

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SSE, which is due to announce its annual results in May, expects to have a total headcount across Britain and Ireland of more than 20,000 by the end of its next financial year.