SSE profits rise and warns of more energy price hikes

Energy supplier SSE has announced a rise in profits for the last 12 months due to the prolonged cold weather despite disruption to its services and a fine from regulators. Its year-on-year profits rose 27.5%, with retail operating profits up from £321.6 million to £410.1 million and reported pre-tax profits of £1.4 billion from April […]

UK’s green bank backs £36m NHS energy centre

The UK Green Investment Bank (GIB) and Aviva investors are set to provide funding worth £36 million for a new NHS energy innovation centre. Built for the Cambridge University Hospitals NHS Foundation Trust (Trust), it will include a combined heat and power unit, biomass boiler, efficient dual fuel boilers and heat recovery systems and will […]

Green Investment Bank appoints top directors

BIS has today announced the appointment of the UK’s new Green Investment Bank’s top directors. Lord Smith of Kelvin will be the Chair of UK Green Investment Bank plc and Sir Adrian Montague has been appointed as Deputy Chair and Senior Independent Director. Both have experience with power and utilities as well as strong financial […]

Market ‘turmoil’ sets SSE profits down by a quarter

Scottish and Southern Energy’s (SSE) profits are down by a quarter, according to their financial results out today. The energy supplier put the decline in profits compared with 2010 down to “turmoil in the global energy markets [and] economic uncertainty across much of the world”. The Big Six firm made £235.4m in 2011, 23.2% lower […]