EnergyWatch

Scottish utility scrapes index bottom after hot and dry summer

Scottish SSE announced Wednesday that its operating income would end lower than expected in the fiscal year's first five months – a consequence of higher natural gas prices and a hot, arid summer.

Photo: SSE

The European energy sector is having a rough day, and the Scottish energy company SSE is ranked lowest on the pan-European Stoxx 600 index, showing an 8 percent decline to 1,151 pence (GBP).

The company announced Wednesday that its operating income would end lower than expected in the fiscal year's first five months – a consequence of higher natural gas prices and a hot, arid summer.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted joins the lottery for Thor

The regional director for Europe confirms that the company was among the bidders who are prepared to pay the state treasury to set up the 1,000MW offshore wind farm Thor.

Further reading

Related articles

Latest News

See all jobs