SSE profits more than triple as UK energy prices soar

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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​Figure of £559m comes day before government is expected to expand windfall tax on power sectorThe 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 Continue reading…