SSE warns on energy uncertainty

Gas rings SSE said it expected profits to be higher but said it may delay some investment decisions

Related Stories

Energy firm SSE has said it expects its pre-tax profits to rise by about 5%.

Perth-based SSE said a strong performance by its supply and networks businesses in the first half of its financial year had boosted its figures.

Chief executive Ian Marchant said: "The overall performance of the company has been good in 2012/13 and I'm pleased that SSE is on course to deliver further growth."

However, it said investment in new power plants was uncertain.

In a trading up-date to the stock exchange, the company said the "ongoing uncertainty with regard to important aspects of electricity market reform, such as the proposed market for electricity generation capacity, is continuing to have an impact on investment decision-making".

It said the construction of a gas turbine plant in South Wales was likely to be delayed.

The UK government has made proposals to parliament about restructuring the power market in order to encourage low-carbon forms of energy.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Scotland business stories

RSS

Features & Analysis

  • Man holding lipWitch hunt

    The country where a writer accused of blasphemy must run


  • Espresso cupNews quiz

    Which city serves the strongest cup of coffee?


  • Malaysian plane wreckage in UkraineFlight risk

    How odd is it to have three plane crashes in eight days?


  • Irvine WelshDeaf ears

    Five famous Scots who can't vote in the Scottish referendum


Elsewhere on the BBC

  • Canada.Hidden rail trip

    Canada's tiny, two-car shuttle is a train lover's dream with scenic views

Programmes

  • Leader of Hamas Khaled MeshaalHARDtalk Watch

    BBC exclusive: Hamas leader on the eagerness to end bloodshed in Gaza

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.