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Scottish Hydro Electric

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Scottish Hydro plc
Company typePublic
Founded1 April 1989; 35 years ago (1989-04-01)
Defunct14 December 1998; 25 years ago (1998-12-14)
FateAcquired
SuccessorScottish and Southern Energy
HeadquartersPerth, Scotland, UK
ProductsGas and Electricity
Websitewww.hydro.co.uk

Scottish Hydro plc was a public electricity supplier formed on 1 August 1989 after a change of name from North of Scotland Electricity plc on that date. It was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index but merged with Southern Electric in 1998.

History

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The company was formed on 1 April 1989 to acquire the assets of the North of Scotland Hydro-Electric Board ahead of electricity privatisation in the United Kingdom under the name North of Scotland Electricity plc. The company was floated on the London Stock Exchange in June 1991. It merged with the English public electricity supplier Southern Electric plc to become Scottish and Southern Energy plc (SSE) on 14 December 1998.[1]

Operations

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The Scottish Hydro name was used as a brand name by SSE plc for supplying gas and electricity in Scotland, and by Scottish Hydro-Electric Power Distribution Ltd, the distribution network operator in the north of Scotland. In 2011, power consumption of the north was largely handled by Scottish Hydro.[2]

Successors

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Post-merger logo

The Scottish Hydro brand continued in use for a time after the 1998 merger but SSE later used its own brand throughout the UK. Following the purchase of SSE's retail business by OVO Energy in 2020, the Scottish Hydro brand became a trading name of OVO Electricity Limited until it was replaced by the Ovo brand.[3]

Fuel sources

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The fuel sources used by SSE Energy Supply to generate power during the year 2015-16[4] and 2021-22[5] were as follows:

Fuel 2015-16 2021-22
% of Total GB average
(for comparison)
% of Total GB average
(for comparison)
Coal 25% 17% 0% 3.8%
Natural Gas 35% 32% 70.1% 38.5%
Nuclear 7% 24% 0% 16.1%
Sun, wind, water 29% 24% 29.9% 38.7%
Other 4% 3% 0% 2.9%
Total 100% 100% 100% 100%

References

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  1. ^ "Two electric suppliers in Britain to merge". New York Times. 2 September 1998. Archived from the original on 16 May 2013.
  2. ^ "Power cuts across Scotland after storms". BBC. 24 May 2011. Retrieved 24 May 2011.
  3. ^ "Trading names". SSE. Retrieved 18 November 2020.
  4. ^ SSE fuel mix disclosure, retrieved 19 January 2017.
  5. ^ "SSE Fuel Mix Disclosure" (PDF). SSE Energy Services. 2022. Archived (PDF) from the original on 7 October 2022.
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