Scottish Power’s profits from supplying gas and electricity more than halved in the first quarter, despite it gaining more customers. The energy supplier said that a combination of “tighter margins, increasing non-energy costs and mild weather” had contributed to profits in its retail division falling from £139 million to Â£58 million in the three months to March. Scottish Power, which has protested at Conservative plans to cap energy prices, raised its standard variable tariff by an average of 7.8 per cent from the end of March, blaming rising costs.
Times 27th April 2017 read more »
Telegraph 26th April 2017 read more »
Herald 27th April 2017 read more »