Profits at Scottish Power surged by 30 per cent in the first half of the year as people used more energy during the long winter and after the company raised its prices last month. The energy supplier said that the installation of eight new wind farms in Scotland also had helped to boost output and profits from its power generation division, offsetting the impact of lower wind speeds. Scottish Power is the British division of Iberdrola, the Spanish energy conglomerate. It operates electricity networks, wind farms, gas-fired and hydro-electric power plants, as well as supplying energy to three million households, making it one of Britain’s “Big Six” suppliers.
Times 26th July 2018 read more »