Scottish Hydro-Electric (named North of Scotland Electricity between 1 April 1989 and 1 August 1989) was a
public electricity supplier
Public electricity suppliers (PES) were the fourteen electricity companies created in Great Britain when the electricity market in the United Kingdom was privatised following the Electricity Act 1989. The Utilities Act 2000 subsequently split the ...
in the United Kingdom. It was listed on the
London Stock Exchange
The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...
and was once a constituent of the
FTSE 100 Index
The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie" , is the United Kingdom's best-known stock market index of the 100 most highly capitalised blue chips listed on ...
. The company merged with
Southern Electric
Southern Electric plc was a public limited energy company in the United Kingdom between 1990 and 1998, when it merged with Scottish Hydro-Electric plc to form Scottish and Southern Energy plc (now SSE plc). The company had its origins in the ...
in 1998, and is now known as
SSE plc
SSE plc (formerly Scottish and Southern Energy plc) is a multinational energy company headquartered in Perth, Scotland. It is listed on the London Stock Exchange, and is a constituent of the FTSE 100 Index. SSE operates in the United Kingdom a ...
.
History
The company was formed on 1 April 1989 to acquire the assets of the
North of Scotland Hydro-Electric Board
The North of Scotland Hydro-Electric Board (1943–1990) was founded to design, construct and manage hydroelectricity projects in the Highlands of Scotland. It is regarded as one of the major achievements of Scottish politician Thomas Johnston, ...
ahead of electricity
privatisation
Privatization (rendered privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation w ...
in the United Kingdom under the name ''North of Scotland Electricity plc''. The company was floated on the
London Stock Exchange
The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...
in June 1991. It merged with the English public electricity supplier
Southern Electric
Southern Electric plc was a public limited energy company in the United Kingdom between 1990 and 1998, when it merged with Scottish Hydro-Electric plc to form Scottish and Southern Energy plc (now SSE plc). The company had its origins in the ...
plc to become
Scottish and Southern Energy plc (SSE) on 14 December 1998.
Operations
The Scottish Hydro name was used as a
brand name
A brand is a name, term, design, symbol or any other feature that distinguishes one seller's goods or service from those of other sellers. Brands are used in business, marketing, and advertising for recognition and, importantly, to create and ...
by SSE plc for supplying gas and electricity in
Scotland
Scotland is a Countries of the United Kingdom, country that is part of the United Kingdom. It contains nearly one-third of the United Kingdom's land area, consisting of the northern part of the island of Great Britain and more than 790 adjac ...
, and by Scottish Hydro-Electric Power Distribution Ltd, the
distribution network operator
A distribution network operator (DNO), also known as a distribution system operator (DSO), is the operator of the electric power distribution system which delivers electricity to most end users. Each country may have many local distribution netwo ...
in the north of Scotland. In 2011, power consumption of the north was largely handled by Scottish Hydro.
Successors
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
OVO Energy is a major energy supplier based in Bristol, England.
It was founded by Stephen Fitzpatrick and began trading energy in September 2009, buying and selling electricity and gas to supply domestic properties throughout the UK. By June ...
in 2020, the Scottish Hydro brand became a trading name of OVO Electricity Limited until it was replaced by the Ovo brand.
Fuel sources
The fuel sources used by SSE Energy Supply to generate power during the year 2015-16 and 2021-22
were as follows:
References
External links
Official website(archived 10 February 1998)
{{Authority control
Scottish brands
Defunct companies of Scotland
Defunct electric power companies of the United Kingdom
Electric power companies of Scotland
Companies based in Perth, Scotland
Companies established in 1989
Companies formerly listed on the London Stock Exchange
SSE plc
1989 establishments in Scotland