SSEN Transmission (LSE:SSE) has submitted its response to Ofgem’s Draft Determination for the RIIO-T3 price control period, highlighting the importance of sustained investment in the electricity transmission network to meet the UK’s national energy targets. While recognizing some positive aspects in the draft, SSEN Transmission expressed concerns that the current framework falls short of enabling the scale of investment required to deliver a clean, reliable, and affordable power system by 2030.
The company is committed to collaborating with Ofgem and key stakeholders to help shape the final determination, ensuring it adequately supports infrastructure development needed for the UK’s low-carbon transition and energy security.
Financial and Market Position
SSE benefits from a solid financial foundation, appealing valuation, and strategic corporate initiatives. Technical indicators indicate upward momentum, though caution is warranted due to potential overbought signals. Challenges such as revenue growth constraints and elevated debt levels pose risks, but SSEN Transmission’s dedication to clean energy investments and cost efficiency underpins a positive medium-term outlook.
About SSEN Transmission
Headquartered in Perth with offices across Aberdeen, Inverness, and Glasgow, SSEN Transmission operates the electricity transmission network serving northern Scotland. The company plays a vital role in the UK’s transition to a low-carbon economy by developing infrastructure to connect and transmit renewable energy. Ownership is split between SSE plc (75%) and the Ontario Teachers’ Pension Plan Board (25%), reflecting strong institutional backing.
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