Managing SSE’s diverse portfolio to meet the energy needs of customers.
Energy Portfolio Management
Responsible for ensuring SSE has the energy supplies it requires to meet the needs of customers; procures the fuel required by the generation plants that SSE owns or has a contractual interest in and sells the power output from this plant.
Where appropriate, EPM secures value and manages volatility in volume and price through the risk-managed trading of energy-related commodities. EPM also provides energy solutions and services to business energy customers.
We publish information about power plant outages to provide greater market transparency. This is in line with the expected requirements of the new EU Regulation on Wholesale Energy Market Integrity and Transparency (REMIT).
SSE’s Electricity Trading Commitment
In 2014 Ofgem introduced Special Licence Condition AA (“Secure and Promote”) to the generation licence. Secure and Promote aims to make it easier for small electricity suppliers to access the GB wholesale electricity market and improve market liquidity and SSE has made the full Secure and Promote product range available to Eligible Suppliers. SSE is also committed to bringing a fair and transparent approach to credit risk management and will endeavour to offer credit terms and collateral arrangements that are both clear and proportionate. If you are a small supplier who meets the eligibility criteria and would like to benefit from a trading relationship with SSE, please contact us Laura McIntyre at firstname.lastname@example.org.
SSE has a 20% interest in the four gas fields and surrounding exploration acreage approximately 125km north west of the Shetland Islands, collectively known as the Greater Laggan Area; and a 20% interest in the new Shetland Gas Plant. Total E&P UK Limited is the operator of, and owns a 60% stake in, these assets. The remaining 20% is owned by Ineos.
The new Shetland Gas Plant is located close to Sullom Voe and processes and exports produced gas and condensate from developments in the west of Shetland for onward delivery to the St Fergus Gas Terminal for gas; and via the Sullom Voe Oil Terminal for liquids. This makes it one of the most important infrastructure developments in the UK. Production also started in February 2016 and it is expected to process and export gas and condensate for producers West of Shetland well into the 2030s.
As part of SSE’s new strategy to focus on assets that contribute to the decarbonisation of the energy system it confirmed in November 2018 that its gas production holdings were non-core and no longer consistent with its future vision. As such SSE is looking at different routes to secure value and expects it will seek to dispose of these assets in due course.