Are Any of the Energy Companies Still Fully UK Owned?

TIMMY85

Why is who owns a company important?
Companies are owned by funds and shareholders, any company that my pension fund has shares in I want to do well!
Centrica has announced job cuts at BGS - they will all be British jobs and those who cannot get work elsewhere will become yet another figure in unemployment figures! More people who rely on those in work to support them.
Companies need to make profit to keep us all in jobs! Let's all hope this sucky economy recovers soon! The only good thing about it is that my pension contributing is good value!

flyingjock1

macman wrote: »

SSE's 'green' credentials come about only because they happened to inherit a lot of Scotish hydro-electric capacity. They're not particularly active in creating any new renewable sources.
And what makes BG non-British? Centrica may have US interests, but it's still UK-based.

beg to differ there macman. SSE have a 50% stake in the Greater Gabbard offshore windfarm near Great Yarmouth, one of the biggest in europe and are heavily into renewables (mainly offshore/onshore).

from wiki but cross referenced to annual report "SSE is the UK's largest generator from renewable sources"

SSE is a scottish register british energy company with head office in perth.

macman

flyingjock1 wrote: »

beg to differ there macman. SSE have a 50% stake in the Greater Gabbard offshore windfarm near Great Yarmouth, one of the biggest in europe and are heavily into renewables (mainly offshore/onshore).

from wiki but cross referenced to annual report "SSE is the UK's largest generator from renewable sources"

SSE is a scottish register british energy company with head office in perth.

Thanks for the offshore info, but being the largest renewable generator does not mean that the are the largest investor in new renewables. Most of that generation is still from historical hydro plant.

dannyboy83

SSE are the only non-nuclear energy company (out ofthe big 6) if that's of any interest. With regards to new renewables, the "major projects" page on the SSE corporate website (sse.com/News/MajorProjects) seems to show the new renewables projects planned or underway.

magyar

It would be very hard to say which of the Big 6 was the largest investor in new renewables (or any other plant for that matter). All of them for example have huge offshore wind pipelines but it remains to be seen how much of this gets built.

If I was to hazard a guess I'd say that come 2020 the largest investor group in new renewables will be pension funds and sovereign weath funds. The Big 6 haven't got the balance sheets.