SSE (SSE)

Sector:

Electricity Generation and Distribution

Index:

FTSE 100

1,650.00p
   
  • Change Today:
    -8.00p
  • 52 Week High: 1,900.00p
  • 52 Week Low: 1,508.00p
  • Currency: UK Pounds
  • Shares Issued: 1,093.43m
  • Volume: 1,634,977
  • Market Cap: £18,042m
  • RiskGrade: 133

National Grid and SSE win partial success on price controls

By Sean Farrell

Date: Thursday 28 Oct 2021

LONDON (ShareCast) - (Sharecast News) - The UK's competition watchdog has found in favour of SSE and National Grid on part of their appeal on price controls but the companies expressed disappointment that the watchdog rejected some of their objections.
In a final decision the Competition and Markets Authority agreed with the companies that an "outperformance wedge" but supported the energy regulator's calculation of cost of equity for providers. The wedge was designed to offset expected outperformance in the RIIO-2 price control period.

Energy groups also argued that the cost of equity was set too low but the CMA rejected this and said the Gas and Electricity Markets Authority was "not wrong" in its calculation. The CMA also rejected SSE's appeal against changes to transmission network use of system charges are recovered.

The CMA's ruling, which also applies to other energy providers, confirmed a provisional judgment issued in August.

National Grid said it expected revenue to be increased from 2022/23 to reflect the decision on the outperformance wedge.

"We are disappointed that the CMA has not found in favour on the cost of equity," National Grid said. SSE said it would study full details of the CMA's final decision as they are published.

National Grid shares rose 0.2% to 938p at 08:36 BST. SSE shares were little changed at £16.63.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Scottish & Southern Market Data

Currency UK Pounds
Share Price 1,650.00p
Change Today -8.00p
% Change -0.48 %
52 Week High 1,900.00p
52 Week Low 1,508.00p
Volume 1,634,977
Shares Issued 1,093.43m
Market Cap £18,042m
RiskGrade 133

Scottish & Southern Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
33.07% below the market average33.07% below the market average33.07% below the market average33.07% below the market average33.07% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average
Price Trend
13.14% above the market average13.14% above the market average13.14% above the market average13.14% above the market average13.14% above the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Income Not Available
Growth
74.91% above the market average74.91% above the market average74.91% above the market average74.91% above the market average74.91% above the market average
Sector averageSector averageSector averageSector averageSector average

What The Brokers Say

Strong Buy 6
Buy 7
Neutral 4
Sell 0
Strong Sell 0
Total 17
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Scottish & Southern Dividends

  Latest Previous
  Interim Final
Ex-Div 11-Jan-24 27-Jul-23
Paid 08-Mar-24 21-Sep-23
Amount 20.00p 67.70p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 1,054,657 @ 1,650.00p
16:35 2,413 @ 1,650.00p
16:35 2,161 @ 1,650.00p
16:35 266 @ 1,650.00p
16:35 2,032 @ 1,650.00p

Scottish & Southern Key Personnel

CEO Alistair Phillips-Davies

Top of Page