SSE boss explains 'reasonable' level of profit

The Chief Executive of SSE, Ian Marchant, said it was "unfortunate" the company had to put prices up in October, but said it was necessary to stop the retail division losing money. Figures show the average profit made by supplying energy to SSE customers works out at 20 pence per account per week.

Ian Marchant posted a full message on YouTube. Watch his video here.

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SSE profits rise 38%

SSE, one of the big six energy firms, has revealed a 38% rise in profits in their half year results. The company says supplying energy only accounts for 8% of the figure.