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SSE cuts earnings outlook over lost customers

by Sarah Dunsby
8th Feb 19 9:11 am

Energy giant SSE has cut its earning outlook as they have lost another 240,000 customers. The company pointed to competitive pressures as domestic energy accounts feel from 6.04m in September to 5.88m by December.

Alistair Phillips-Davies chief executive of SSE 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.

“We are also making progress in assessing the options for the future of the energy services business.

“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 and will support the creation of value and delivery of our dividend plan in the years to come.”

Since Npower demerger SSE has sold two of their Scottish wind farms for £635m and offloaded their telecoms network business for £380m.

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