SSE PLC

Interest Rate Update/Notice • Nov 28, 2014

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RNS Number : 2512Y

SSE PLC

28 November 2014

ELECTRICITY DISTRIBUTION PRICE CONTROL REVIEW

Scottish and Southern Energy Power Distribution (SSEPD), part of SSE plc, has today received Ofgem's final determination for the electricity distribution price control for the eight years from 1 April 2015.

Through the RIIO ED1 process SSEPD has proposed significant reductions in the distribution share of electricity bills and improvements in the standard of service that customers will receive from their network operators. Ofgem's final determinations propose a real reduction in the distribution share of the average household bill in SSE's North of Scotland network area of around £27 next year and in its South of England network area of around £18.  SSEPD is committed to delivering the improvements in customer service that it set out in its business plan.

Over the coming weeks SSEPD will carefully examine the detail of Ofgem's final determination and assess whether it represents a fair balance for customers and investors.  SSEPD has until early next year to complete its assessment of Ofgem's final determination.

This information is provided by RNS

The company news service from the London Stock Exchange

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