Article 65WFK SSE profits more than triple as UK energy prices soar

SSE profits more than triple as UK energy prices soar

by
Mark Sweney and Alex Lawson
from on (#65WFK)

Figure of 559m comes day before government is expected to expand windfall tax on power sector

The electricity generator and network company SSE has reported a more than tripling of profits thanks to soaring energy prices - a day before the government is expected to expand a windfall tax on the power sector.

The company, which is based in Perth, Scotland, and runs gas-fired power stations alongside hydroelectric plants and windfarms, reported a 221% increase in adjusted pre-tax profits year on year to 559m in the six months to the end of September.

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