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SSE profits large but still down

May 21, 2014 by Tez

SSE published details of annual profits today of £246 million – even though this is actually a 32.2% decrease. The energy giant is unlikely to recover after it announced a price freeze on its electricity tariffs until January 2016. This promise was made a day before Ofgem, the industry regulator, announced it would be conducting a full scale probe into the energy sector.

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