Coal continues to falter as SSE reveals plans to fully close Fiddler’s Ferry, its last remaining coal-fired power station.
SSE’s thermal generation fleet lost more than £22 million in the company’s last financial year, leading the utility to laud its networks and renewables business units.
SSE is to consult on more than 400 redundancies within its retail arm, citing increasing competition and spiralling costs.
SSE is to slash the carbon intensity of its generated electricity in half and treble its renewables output as part of a series of new sustainability initiatives.
Coal’s collapse in the UK has continued after SSE confirmed that it will close one of its four units at the coal-fired Fiddler’s Ferry power station.
SSE has moved to future-proof its back end systems by moving to Contigo’s energy nomination and scheduling platform.
Energy firm SSE has issued a profit warning after it revealed the suspension of the Capacity Market is expected to result in a £60 million shortfall in this financial year.
SSE and innogy have pulled the plug on the proposed merger of their respective supply divisions, with SSE concluding that it would not now be “in the best interests of customers, employees or shareholders”.
SSE has spun out its renewables activities into an entirely new unit, SSE Renewables, as it bids to lead on low carbon energy.