
Energy giant SSE sees UK dry spell hit water power generation
This was due to 'unfavourable weather conditions' affecting its hydro power stations, which work by harnessing the power of moving water to generate electricity.
SSE's hydro generation dropped by about 40% in the three months to June, compared with the same period a year ago.
Scotland has experienced a lack of rainfall, with regions in the east seeing the driest spring since 1964, according to the Scottish Environment Protection Agency.
SSE told investors that the dry conditions offset strong operational availability across its renewable power plants.
Meanwhile, the company welcomed 'clarity' from the Government's decision not to split the country into different energy pricing zones.
Energy Secretary Ed Miliband confirmed earlier this month that the UK would retain a single national wholesale price for electricity but reform the current system.
SSE said in a statement to investors that the decision brings 'welcome clarity for both investors and consumers whilst sending a strong investment signal that reaffirms the UK as a world-leading renewables market'.
The form said its financial outlook for the year continues to be subject to weather, market conditions and plant availability, with the key winter months still to come.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Daily Mirror
23 minutes ago
- Daily Mirror
HMRC issues major tax update affecting millions of UK workers
The tax office says the new online service will make it easier for PAYE taxpayers to check and update their income, allowances, reliefs and expenses HMRC has today announced a new online Pay As You Earn (PAYE) service for around 35 million UK taxpayers. The tax office says the new online service will make it easier for PAYE taxpayers to check and update their income, allowances, reliefs and expenses. It will be available via your Personal Tax Account online or through the HMRC app. The new service forms part of plans for HMRC to become a digital first organisation by 2030, with 90% of customer interactions taking place digitally. HMRC has already announced plans to save £50million a year by 2028/29 by axing paper letters unless for tax demands. The tax office will continue to write to households that don't have the internet or struggle to access digital services. Its phone lines will also remain open. The tax office currently sends out letters for many reasons, including if you need to register for self-assessment. James Murray MP, Exchequer Secretary to the Treasury, said: "We are going further and faster to make HMRC fit for the 21st century, including delivering a simpler and easier system for all PAYE workers. "By 2030, taxpayers can expect a modern and innovative HMRC with cutting-edge AI, industry-leading customer service practices, and a laser focus on delivering taxpayer value for money by ensuring everyone pays their fair share." JP Marks, HMRC Chief Executive and First Permanent Secretary, said: "The Government's ambition is for a simpler tax and customs system and this roadmap sets out how HMRC will deliver a first-class experience that feels different to their customers. "By 2030, UK citizens will experience a tax administration system that is more automated, more focused on self-service, and better set up to get things right first time so they can fulfil their tax obligations." It comes after millions of workers were urged to keep an eye out for an important tax document. Your employer had to issue your latest P60 by May 31, by post or electronically. Your P60 summarises your total pay and deductions for the tax year. It also contains your final tax code, and it is important you check this is correct in case you owe money to HMRC. Tax codes are made up of a series of numbers and letters and are assigned to you by HMRC based on the information it has on your income. The code shows how much of your income is taken in tax, and everyone who is paid through PAYE has one. The most common code is 1257L for people who have one job or pension - although not everyone will be on this.

The National
35 minutes ago
- The National
70 per cent of businesses support Scottish visa scheme
A poll published today reveals 70% of Scottish [[business]]es support the introduction of a Scottish visa, with a similar percentage saying the Scottish Government should have the power to do so. Only 17% of respondents said they opposed the idea of a Scottish visa, while the remaining 14% were neutral or unsure. Scotland's rural areas have been disproportionately affected by post-Brexit immigration issues due to a reliance on EU workers in critical sectors like agriculture, care, and hospitality. READ MORE: Police Scotland investigating national Palestine demo in Edinburgh In an attempt to address those issues, the SNP Government in 2022 proposed a 'targeted migration solution' in the form of a Rural Visa Pilot. However, immigration is reserved to Westminster. The Understanding Business Survey, conducted by the Diffley Partnership and 56 Degrees North, also showed that around half believe general economic conditions are worse than a year ago, when Labour came into government. SNP MSP Stuart McMillan (above) said: 'For years Scottish businesses have suffered as a result of woeful economic mismanagement, Brexit and harmful anti-immigrant rhetoric. 'This began under the Tories but under Labour, the Westminster government is now to the tune of Farage, doubling down on Brexit and presiding over rampant inflation. 'The SNP has always opposed Brexit - the greatest act of economic harm inflicted on Scotland in decades - while calling for a distinct approach to migration here in Scotland. 'We know we face challenges that are different from those facing the UK as a whole. We want to tackle those head on and believe the Scottish Government is best placed to do that. 'I, along with hundreds of Scottish [[business]]es, urge the Labour Government to listen, get out the way of progress and devolve the power to introduce a Scottish visa to Holyrood.' Mark Diffley, founder and director at Diffley Partnership, said: 'The standout data point this quarter is the significant business support for the introduction of a Scottish visa for workers, backed by seven in 10 business, up to 75% of those with an opinion either way on the issues. 'Combined with other positive views about the impact of migration on the labour force and the economy, this should give political parties food for thought ahead of next year's election. 'Meanwhile, although the business community in Scotland is still rather more pessimistic than optimistic, the gap between the two has closed which gives some hope about the possibility of a more positive outlook ahead after a long, tough period for businesses.'


North Wales Chronicle
36 minutes ago
- North Wales Chronicle
‘Never again': Regulatory reform pledged to prevent repeat of water bill hikes
Steve Reed announced in a speech alongside the River Thames that regulator Ofwat would be scrapped, as part of measures to pull overlapping water regulation by four different bodies into one 'single powerful' regulator responsible for the whole sector. He made the announcement in response to an independent review by Sir Jon Cunliffe which called for the move, as one of 88 measures to tackle problems in the water sector. The review was commissioned by the Government to answer public fury over pollution in rivers, lakes and seas, soaring bills, shareholder payouts and bosses' bonuses. Mr Reed pledged the new regulator would 'stand firmly on the side of customers, investors and the environment', as he said the Government would cut sewage pollution by half by 2030 – based on a new, higher baseline of pollution in 2024 compared with previous targets relating to 2021. And it would oversee maintenance and investment in water infrastructure so that 'hard-working British families are never again hit by the shocking bill hikes we saw last year'. Questioned by journalists after the speech about future bill hikes, Mr Reed insisted it was 'absolutely the intention' that the reforms would ensure there was adequate investment in the long term to prevent the kind of 30% increase seen in customer water bills last year at the next price review in five years. He also accused the Tories of failing to ensure sufficient investment in crumbling pipes and infrastructure that would have prevented the recent hikes. But in a separate speech, review author Sir Jon warned that costs and bills are likely to continue to rise, as he recommended the Government introduce a national social tariff to help households struggling to pay. 'The cost of producing water and wastewater services is likely to increase over the medium and longer term as the industry has to replace ageing assets, respond to higher environmental and public health standards and continue to adapt to the challenges of population growth and climate change,' he said. 'And against that likely background of rising costs and rising bills, there is a need for a stronger safety net for the most vulnerable when exposed to water poverty.' Asked if investor returns will need to rise to attract the capital needed and contribute to bill hikes, Sir Jon said: 'All the investors I talked to said we are happy to accept a lower return … if you can give us lower risk on the downside. 'Bills will have to reflect what investors need, the equity they need. 'That is part of the cost of building the infrastructure that we need but at the same time, a regulator needs to continue to maintain pressure and efficiency.' Sir Jon's review did not explore renationalising water companies; ministers have refused to entertain the possibility despite demands from campaigners to return them to public ownership. Mr Reed warned nationalisation would cost £100 billion and slow down efforts to cut pollution. He said it was not the answer, adding: 'The problems are to do with governance and regulation, and we are fixing those problems so we can fix the problem of sewage pollution and unacceptable bill hikes in the fastest time possible.' The reforms would see a single regulator replace Ofwat and take in functions related to the water sector from the Environment Agency, which currently investigates pollution incidents and licenses water abstraction from the environment, as well as the Drinking Water Inspectorate and Natural England. Sir Jon suggested a new water regulator would take two years to set up after looking at the time frame for setting up Ofcom, the communications regulator, in the early 2000s. The process could involve bringing the different organisations together as one before integrating the staff and working out where there may be duplication or gaps. Sir Jon also said the Government will have to tackle the issue of securing a 'very high level of leadership', adding that the current system does not have the skills and expertise that will be needed in the new set-up. Asked if ministers need to carry forward all of his 88 recommendations to ensure a full reset of the sector, he said: 'I don't think you're going to solve the fundamental problem unless you tackle all of those issues. 'I think you can get improvement on all those dimensions, but I do think you need to address it all in order to move us to a different place.'