Gas plants fuel SSE profits outlook
SSE has upgraded its profit forecast following a strong electricity output from its gas-fired generation plants combined with "supportive market conditions". The company expects earnings per share to hit 150p for 2022/23 versus previous guidance of 120p. It follows output from its gas plants for the nine months to 31 December 2022 rising 27% year on year. Output from renewables meanwhile was down 10%.