SSE published its trading update where electricity production fell in the first quarter by 31.4% to 1.51TWh, however, output from gas production rose 37.4% to 158 million therms as a result of the Greater Laggan Area assets coming online. Moreover, customer losses continue but have slowed down with a decrease in its customer base of 0.6% in the first quarter to 8.16 million. On the other hand, home service customer accounts partially compensated the 50k customer losses in the retail business
21 Jul 2016
Balanced operational performance, but retail customer losses continue
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Balanced operational performance, but retail customer losses continue
SSE plc (SSE:LON) | 1,644 -57.5 (-0.2%) | Mkt Cap: 17,976m
- Published:
21 Jul 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
3
SSE published its trading update where electricity production fell in the first quarter by 31.4% to 1.51TWh, however, output from gas production rose 37.4% to 158 million therms as a result of the Greater Laggan Area assets coming online. Moreover, customer losses continue but have slowed down with a decrease in its customer base of 0.6% in the first quarter to 8.16 million. On the other hand, home service customer accounts partially compensated the 50k customer losses in the retail business