ScottishPower’s renewable earnings soar 29% in first quarter

The company’s latest financial reports suggest this was due to favourable wind conditions and increased capacity

ScottishPower to hike energy prices by £63 a year

The 5.5% increase in gas and electricity prices will come into effect on 1st June 2018

ScottishPower appoints Keith Anderson as CEO

Keith Anderson has been appointed as the new chief executive of ScottishPower. He was the Chief Corporate Officer of the Big Six firm and also headed the renewable arm of the company. Lindsay McQuade, previously Director of Policy & Innovation, will now oversee ScottishPower Renewables’ operational portfolio of more than 40 wind farm sites that […]

ScottishPower loses 200k customers

Big Six utility ScottishPower has reported losing about 200,000 customers in the last year. The energy firm said the number of accounts it held fell from 5.3 million to 5.1 million as it faced tougher competition and increased pressure from new entrants to the market. The reduction contributed to its retail supply division’s earnings falling […]

ScottishPower announces scholarships for bright sparks

ScottishPower has announced 16 new Masters Scholarships for the energy, digital and environmental sectors. The energy supplier said UK final year undergraduates looking to progress their careers in these industries can now apply for its 2018/19 scholarships programme, which opened yesterday. The scheme will offer places at universities including Cambridge University, Imperial College London, Edinburgh […]

Tarmac buys ScottishPower’s stake in UK recycling plant

Building materials and construction solutions business Tarmac has bought ScottishPower’s 50% stake in a UK recycling facility. It will now take full ownership of ScotAsh, located near Falkirk, which it has operated since 1999. ScotAsh manufactures products using recycled pulverised fuel ash from power stations to produce aggregates, cements and grouts for use in the […]

Big Six energy firms SSE and ScottishPower shed customers

Two of the Big Six energy suppliers have lost thousands of customers as they moved to cheaper deals. SSE said its total number of customer accounts fell from eight million at the end of March to 7.7 million at the end of June. It comes after the supplier increased dual fuel prices by 6.9% towards […]

Indigo Swan named Most Trusted consultancy at TELCA

Indigo Swan has won this year’s Most Trusted trophy at the award-winning Energy Live Consultancy Awards (TELCA). Nearly 600 people attended the event in London today, which celebrated the best of the best TPIs and consultants in the energy industry. The firm was the recipient of two awards last year. The judges said: “When a […]

Big Six supplier warns energy price cap ‘could harm competition’

One of the Big Six energy companies has warned a potential energy price cap could harm competition. The comment from Keith Anderson, Chief Corporate Officer at ScottishPower, comes amid speculation the Conservative Party is planning to cap household energy prices as part of its manifesto. He suggests the government could instead set a deadline to […]

ScottishPower posts 28% fall in pre-tax profits

ScottishPower has announced a 28% fall in pre-tax profits in the first quarter of this year. It amounted to £347 million compared to £480 million during the same period last year. Its energy networks business saw a 6% fall in profits this year to £210 million, largely driven by the phasing of investments following the […]