The 500,000 therms per day gas deal represents 6 per cent of SSE’s average daily gas demand and falls within a wider procurement portfolio including investment in fuel production and participation in wholesale gas markets.
“By maintaining a diverse and balanced portfolio of contracts and assets, both long and short term, SSE has greater ability to manage wholesale energy price volatility thereby protecting customers and ensuring greater retail price stability,” the company said in a statement.
SSE did not disclose the value of the deal but said that it was secured based on the prevailing price of gas sourced from the wholesale market.