SSE has cut its earnings outlook, lost another 240,000 customers and said it is assessing options for its retail arm following the collapse of a merger with rival npower. SSE has cut its earnings outlook, lost another 240,000 customers and said it is assessing options for its retail arm following the collapse of a merger with rival npower. The energy giant pointed to competitive pressures as it saw the number of domestic energy accounts fall from 6.04 million at the end of September to 5.88 million in December. SSE has a clear strategy and good long-term prospects for its high-quality core businesses and assets that contribute to the transition to a low-carbon economy. Boss Alistair Phillips-Davies said: “We continue to make good progress in our core businesses of regulated energy networks and renewable energy, complemented by flexible thermal generation and business energy sales.

Source: Irish Independent February 08, 2019 08:03 UTC