SSE said it would examine options for its retail arm following the collapse of a merger with rival Npower as the Perth-based utility giant trimmed its earnings outlook and talked up its green credentials today. In a trading update, the group also pointed to competitive pressures as it saw the number of domestic energy accounts fall from 6.04 million at the end of September to 5.88 million in December. The firm is considering a standalone demerger and listing, a sale or ring-fencing of its energy services division. It comes after SSE and Npower recently pulled plans to merge their retail businesses, blaming “challenging market conditions” and the UK government’s energy price cap.
Scotsman 8th Feb 2019 read more »