Statement on the SSE Group's hedging approach
SSE is working towards its vision of being a leading energy company in a low carbon world by focusing on core businesses of regulated energy networks and renewable sources of energy, complemented by flexible thermal generation and business energy sales. In line with that, SSE has committed to delivering a more transparent approach to how it manages commodity price exposures and to giving investors the maximum possible visibility of the impact of market movements on profitability.
Central to this transparency is to outline the SSE Group’s approach to hedging, which explains how SSE plans to reduce its exposure to variations in earnings from its assets that are subject to volatility in energy commodity prices. In doing so SSE will provide more stability to future earnings and support the delivery of its dividend commitment.
Read the full statement here.