ScottishPower to pay £890m dividend to parent

UTILITY giant ScottishPower is paying an £890 million dividend to Spanish parent company Iberdrola after the Glasgow-based firm benefited from the cold weather, price hikes and rising customer numbers. The company’s gas and electricity supply division, which has more than five million customers and has gained several hundred thousand in Read more…

ScottishPower profits double

Energy giant ScottishPower has come under renewed fire for doubling its annual profits to nearly £1230 per minute after hitting customers with inflation-busting price rises. Net profits at the Glasgow-based energy giant have soared from £301.6m in 2011 to £646.3m in 2012. In January, ScottishPower, which has 5.2 million customers, Read more…

Tidal turbines could power nearly half of Scotland

Tidal turbines stretched across Pentland Firth off Orkney could generate the equivalent to almost half of Scotland’s electricity needs, a new study has revealed. • Oxford University researchers have claimed that tidal turbines installed across Pentland Firth could generate equivalent of almost half of Scotland’s electricity • Report says that Read more…