Britain’s second-largest energy supplier is eyeing the exit as the Government’s crackdown on energy bills threatens profits. SSE, formerly known as Scottish and Southern Energy, may turn its back on supplying gas and power to almost 8m British homes ¬after years of political threats against the six largest energy companies comes to a head. City sources say the FTSE 100 energy giant is quietly discussing early plans to sell off its customer accounts, or even spin the business off as a separate listed company in order to focus on networks and renewable energy and avoid the Government’s looming energy price cap. The chance of a radical change to the Big Six comes as ministers legislate the deepest intervention in the market since privatisation in order to cap standard tariffs.
Telegraph 4th Nov 2017 read more »
