ScottishPower said today that it lost about 200,000 retail customers in 2017, resulting in a 50% drop in earnings for its generation and supply business.
Utility firm ScottishPower is to cut 200 jobs as part of a voluntary redundancy scheme.
A boss at ScottishPower has warned that the UK Government’s proposed energy price cap will be bad for consumers, companies and investor confidence.
Two Scottish energy suppliers lost about 330,000 customers between them as more UK households switched away from the industry’s “Big Six” to cheaper rivals.
The owner of energy giant ScottishPower has revealed that UK generation and supply earnings have sunk by 76% after losing around 100,000 customers in the first half of the year.
The owner of energy giant ScottishPower has revealed UK generation and supply earnings slumped by more than a fifth after it lost around 160,000 customers in a “challenging” year.
British Gas is to extend a price freeze for customers on its standard energy tariff until August, while ScottishPower has announced a 7.8% rise in standard gas and electricity bills.
A £400million plan to expand capacity at a massive underground power station could create thousands of jobs in the Highlands if it is backed by government.