Overview

• Hydroelectric generation plunged about 40% in April–June compared with last year, contributing to a 4% drop in overall water-power output in May and June
• Scotland recorded its driest spring since 1964 and drought warnings have extended to the East and West Midlands, Yorkshire and the North West, forcing many hydro plants to reduce or halt production
• SSE welcomed the UK Government’s decision to keep a single national wholesale electricity price as a boost for investor confidence in renewables
• Onshore wind output increased by 15%, partially offsetting the slump, while offshore wind fell 1% and pumped storage hydro declined 34%
• The company warned that ongoing weather-related risks will continue to affect its earnings and said it is adjusting investment plans amid planning delays and evolving energy policy