View full page at energyexch.com

 

Energy giant SSE loses another 160,000 customers

From bbc.co.uk

"Big six" energy giant SSE has seen a sharp drop in customer numbers and has cut its full-year earnings forecast. It said it had lost 160,000 customers in the final three months of last year, leaving it with 5.88 million accounts. SSE also cut its profit forecast for this year after a European court ruled out a UK industry-wide subsidy which had supported emergency fuel supplies. Last November, SSE suffered a blow when it called off its plan to merge its household supply arm with Npower's. The firm -blamed "challenging market conditions" and the price cap on bills. That deal would have created the UK's second-biggest ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis