SSE’s response to the Labour Party’s manifesto
SSE notes today’s publication of the Labour Party’s manifesto.
As SSE has previously stated, customers’ interests are best served by energy companies working with government; and SSE wants to work constructively with the incoming UK government, and the regulator, to deliver reforms to the energy sector that benefit consumers.
SSE believes that putting competition at the heart of the energy retail market is the best way to protect customers’ interests and provide them with choice and value. It also believes that independent economic regulation of privately-owned and operated transmission and distribution companies is the best way of delivering efficiently the energy supplies that society depends upon. The UK is undergoing a huge programme of upgrading, modernising and decarbonising its power sector and this is being driven by private investment, such as SSE’s plans to invest £6bn in the UK and Ireland between 2016 and 2020. This follows £6bn invested by SSE between 2012 and 2016. Therefore, at this time, SSE would caution strongly against the unintended consequences for consumers of intervention and advises that the principles of competition in the energy retail market and independent economic regulation of privately-owned and operated energy networks remain at the heart of energy provision in the UK.
It is expected any incoming government seeking to introduce energy market reforms will be committed to substantive consultation to ensure that any such reforms are well-founded, supported by objective analysis and introduced in a way that benefits all customers and supports the functioning of an effective and sustainable energy system.
SSE recognises that energy is an essential service, and that government and the regulator have every right to expect energy companies to play their part in contributing to energy security, affordability and decarbonisation for the benefit of customers and will work constructively with politicians of all parties in pursuit of those goals.