"Our customers are benefiting from the longest-ever household energy price freeze in the
"Although energy market conditions are challenging, we are on course to give shareholders a return on their investment through a dividend increase that at least keeps pace with inflation," he added.
The company said that in its first quarter ended
It added that the level of average electricity consumption during the period by its household customers fell to 853 kilowatt hours from 920 kilowatt hours, and the level of average gas consumption by household customers was around 68 therms rather than 96 therms.
The company said that in its wholesale division, total electricity output from gas fired power stations was largely flat at 2,192 gigawatt hours, but electricity output from coal-fired power stations halved to 1,792 gigawatt hours from 3,569 gigawatt hours.
In addition, SSE's total electricity output from its renewable sources fell to 1,580 gigawatt hours from 1,756 gigawatt hours previously.
The company said its ongoing programme to streamline the business and save cash during difficult market conditions is well under way and on course, with operational efficiencies being secured and planned asset and business disposals making progress. It said disposals of assets such as its PFI streetlighting contracts and non-regulated gas pipelines should be completed in autumn.
In May, SSE said it hopes to freeze household energy prices in the
Household energy prices have become a key issue for the company, as a increase in winter energy prices from the
At the end of June, the
Ofgem's own recent assessment of the energy market, along with the
The regulator said at the time that the CMA will begin its investigation immediately and is likely to publish final decisions by the end of 2015.
Ofgem added that it expects the CMA to look at the relationship between the supply business and generation arms of the six main suppliers, to study the barriers to entry and expansion for suppliers and the profitability of the "big six".
The Big Six energy firms are
SSE shares were down 1.1% to
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