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    SSE   GB0007908733

SSE PLC

(SSE)
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SSE : Britain's SSE launches platform for balancing energy supply and demand

08/21/2020 | 06:28am EDT

British energy supplier SSE has launched a smart grid, aggregation and trading platform enabling large energy users to make thousands of pounds from balancing supply and demand.

SSE Enhance will allow users such as manufacturers, building managers and local councils to get paid for helping balance supply and demand across their local network and Britain's electricity network, the company said on Friday.

Companies, public sector organisations and other customers can receive payments and make savings for reducing their electricity demand during peak periods, or they can reduce their own peaks through optimising local demand, SSE said.

Customers could also be paid to feed excess electricity from their own assets - such as combined heat and power units, solar panels, wind turbines or energy storage batteries - into the grid to help cope with spikes in demand, it added.

SSE Enhance was built using ANM Strata, an energy resources management system developed by Glasgow-based energy software specialist Smarter Grid Solutions, whose programmes are already used by companies including UK Power Networks and Southern California Edison to manage their energy systems.

(Reporting by Nina Chestney; Editing by David Holmes)


ę Reuters 2020
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Sales 2022 7 501 M 10 452 M 10 452 M
Net income 2022 914 M 1 273 M 1 273 M
Net Debt 2022 8 910 M 12 416 M 12 416 M
P/E ratio 2022 15,0x
Yield 2022 5,67%
Capitalization 15 181 M 21 095 M 21 153 M
EV / Sales 2022 3,21x
EV / Sales 2023 3,24x
Nbr of Employees 11 865
Free-Float 99,1%
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Number of Analysts 20
Last Close Price 1 466,00 GBX
Average target price 1 660,95 GBX
Spread / Average Target 13,3%
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Alistair Phillips-Davies Chief Executive Officer & Executive Director
Gregor Alexander Finance Director & Executive Director
John Alexander Manzoni Chairman
Sue Bruce Independent Non-Executive Director
Peter John Lynas Independent Non-Executive Director
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