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.
