From the Daily Record, something which won’t be forgotten.
SCOTLAND’S biggest energy company have announced profits of nearly £1500 a minute – weeks after hitting their customers with inflation-busting price rises.
SSE, parent company of Scottish Hydro, made £397.5million – up 38 per cent on the same period last year – in the six months to September.
They told their five million electricity and 2.4million gas customers a month ago that their bills were going up by an average of nine per cent.
Ninety-year-old Lily Kennedy, one of thousands of hard-up Scots pensioners struggling to pay SSE’s bills, said:
When I found out about these profits, it made me feel sick.
Politicians and consumer groups lined up to condemn SSE’s profits, but company chairman Lord Smith of Kelvin dismissed their protests. He said:
While some observers may choose to criticise SSE for making a profit and paying a dividend, I believe profit and dividend allow SSE to employ people, pay tax, provide services customers need and make investments that keep the lights on and create jobs.
Smith added that paying dividends gave shareholders, such as pension funds, “an income return that they need”.
SSE made their huge profits before insisting last month that they had no choice but to raise prices for their customers.
I think Lord Smith of Kelvin probably needs to listen to Lily, before an angry mob turns up on his doorstep to put his lights out.