SSE has reported rising profits at its household energy supply business, despite losing 190,000 customer accounts, as it enjoyed the benefit of lower wholesale costs. Britain’s second biggest energy supplier, which is lobbying against Conservative plans to cap energy prices, said that profit margins had risen to 6.9 per cent in 2016-17, up from 6.2 per cent a year earlier. SSE increased its dividend payout to shareholders for the 18th year running after reporting a 2.1 per cent rise in underlying profits for the group, which also owns power plants and networks, to £1.5 billion.
The Times 17th May 2017 read more »