SSE has outlined how what it described as its balanced portfolio of electricity assets, infrastructure and integrated business mix have helped it post a “strong performance” during market volatility.
Centrica’s adjusted profit has soared by 112%, jumping from £447 million to £948 million following the surge in oil and gas prices.
Last year saw Alfen record strong electric vehicle (EV) charging growth despite ongoing supply chain pressure, its full year financial results show.
Electricity output from renewable sources in which SSE has an ownership interest was 1.4TWh - or 19% - below plan in the latter nine months of 2021.
Concerns around SSE's corporate governance and financial performance have been raised by investor Elliot Advisors, which is calling on the company to put forth a comprehensive vision for remedying these.
OVO Energy is hailing 2020 as a landmark year for the company, having completed the largest industry consolidation deal to date.
Bulb is looking for new funding opportunities, as high gas prices continues to put a strain on British energy suppliers.
E.ON’s UK business has returned to profitability after shifting all npower customers to the Kraken-powered E.ON Next customer service platform.
E.ON has managed to turnaround its operations in the UK and is expected to recover faster than originally anticipated, it said in its full year results for 2020.