UK SSE says Q1 trading beats expectations


British and European gas prices have surged over the past year, peaking at record highs following Russia’s invasion of Ukraine and fears that Russian gas supplies to Europe could be severely limit. SSE said its electricity generation from renewable sources in the UK and Ireland was 93 gigawatt hours (GWh), or about 5% in the three months to June 30. The company plans to invest up to 24 billion pounds in UK energy infrastructure this decade, the power company said, adding that it had started a formal sale process to sell a 25% stake in the SSEN Transmission activity.