SSE (SSE)

Sector:

Electricity Generation and Distribution

Index:

FTSE 100

1,642.50p
   
  • Change Today:
    -12.50p
  • 52 Week High: 1,900.00
  • 52 Week Low: 1,508.00
  • Currency: UK Pounds
  • Shares Issued: 1,093.44m
  • Volume: 1,711,241
  • Market Cap: £17,960m
  • RiskGrade: 133

UK energy firm websites crash as customers rush to get readings in

By Frank Prenesti

Date: Friday 01 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Britons bracing for a 54% rise in energy prices were given an extra dose of pain on Thursday as the websites of several energy suppliers crashed before they could submit readings ahead of a midnight deadline.
British Gas, EDF, E.ON Next, SSE and Scottish Power all appeared to be down as customers rushed to beat the midnight deadline to recognise lower tariffs.

Firms urged households to take gas and electricity meter readings the day before, to ensure they get current and cheaper rates for energy usage up to the Thursday deadline.

Tensions rose at one supplier after UK consumer advocate Martin Lewis produced a video for social media advising people on how best to record their readings.

It was all too much for E.ON Next, which promptly accused Lewis of single-handedly "Bringing Britain down" as it system failed to cope. However, only the day before it had been advising customers to do precisely what Lewis had recommended. The firm's tweet was later deleted, with its social media team saying its attempt at "humour" had "missed the mark"

British Gas's website was struggling as early as Wednesday, as people logging on to the "submit a meter reading" section were met with a message saying: "Service temporarily unavailable", the Guardian reported.

The site was still inaccessible on Thursday, displaying a "proxy error" message. There were also reports that the app was down. SSE customers trying to send in readings were greeted with a message that said: "Sorry, we're working on this part of our website." Customers also reported difficulty submitting readings to EDF and Scottish Power.

An average home on a default standard tariff paying by direct debit will be slammed with an increase of £693, or 54%, to £1,971 a year. The war in Ukraine after Russia's unprovoked invasion has kept gas prices high and is likely to result in a rise to £3,000 at the next price cap decision in October.

A government official, who declined to be named, said "all energy suppliers are aware of the 1 April date for the price cap to take effect" and customers experiencing issues submitting readings should talk to their provider "straight away".

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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 1,642.50p
Change Today -12.50p
% Change -0.76 %
52 Week High 1,900.00
52 Week Low 1,508.00
Volume 1,711,241
Shares Issued 1,093.44m
Market Cap £17,960m
RiskGrade 133

Scottish & Southern Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
31.53% below the market average31.53% below the market average31.53% below the market average31.53% below the market average31.53% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
8.37% below the market average8.37% below the market average8.37% below the market average8.37% below the market average8.37% below 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
40.10% above the market average40.10% above the market average40.10% above the market average40.10% above the market average40.10% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
75.89% above the market average75.89% above the market average75.89% above the market average75.89% above the market average75.89% above the market average
Sector averageSector averageSector averageSector averageSector average

What The Brokers Say

Strong Buy 6
Buy 7
Neutral 3
Sell 0
Strong Sell 0
Total 16
buy
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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 25-Apr-2024

Time Volume / Share Price
15:22 25 @ 1,642.50p
15:22 274 @ 1,642.50p
15:22 410 @ 1,642.50p
15:22 112 @ 1,642.50p
15:21 20 @ 1,642.00p

Scottish & Southern Key Personnel

CEO Alistair Phillips-Davies

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