SSE has seen its first half profits almost double following a sharp rise in earnings from its gas storage and thermal generation divisions which have benefited from higher and more volatile gas and power prices. Responding to questions during a results calls with journalists, the group’s chief executive Alistair Phillips-Davies said he expects gas and power prices to remain a fifth higher than pre-crisis levels even when markets have “settled back down”, with inflation now “baked” into the system for “the balance of this decade”.
SSE sees profits double led by gas storage and generation
