Independent Power and Renewable Electricity Producers
Company Overview of Scottish Power Ltd.
Scottish Power Ltd., a renewable energy solutions provider, engages in the generation, distribution, and sale of energy. The company focuses on greenhouse gas emissions through investments in wind power, nuclear energy, and clean coal. It serves homes and businesses in the United Kingdom. The company was founded in 1989 and is based in Glasgow, United Kingdom with an additional office in Blantyre, United Kingdom. As of April 23, 2007, Scottish Power Ltd. operates as a subsidiary of Iberdrola, S.A.
1 Atlantic Quay
Glasgow, G2 8SP
Founded in 1989
Key Executives for Scottish Power Ltd.
Chief Executive Officer of PacifiCorp Power Marketing Inc
Chief Executive Officer of Energy Networks
Chief Executive Officer of Retail & Generation
Head of Legal and General Secretary
Compensation as of Fiscal Year 2014.
Scottish Power Ltd. Key Developments
Scottish Power Wins GBP 100 Million Multiple Awardees Contract for Non Half Hourly Electricity Supply Services
May 5 15
Scottish Power won a GBP 100 million (excluding VAT) multiple awardees contract award from University of Lincoln to provide non half hourly (NHH) electricity supply services (Contract Award Notice No.: 2015/S 085-152234).
Ofgem Secures £2.4 Million from Scottishpower
Dec 12 14
Ofgem has secured a £2.4 million consumer redress package from ScottishPower as it failed to meet environmental targets under the government's CESP scheme by the required deadline. Under the CESP scheme, energy suppliers were required to deliver fixed targets of energy saving measures to help lower carbon emissions and reduce bills for households in low income areas by 31 December 2012. ScottishPower failed to meet its targets on time, delivering 70% of its obligation by the deadline. This meant that several thousand households missed out on energy efficiency measures during the cold winter of 2012-2013. The company made up the 30% shortfall by 30th April 2013. Ofgem found that ScottishPower's senior management did not take appropriate action to ensure it delivered energy efficiency measures on time. Although management was aware that the company could fail to meet its target at the end of 2011, budget increases for CESP schemes were made slowly. After failing to meet the deadline, ScottishPower continued to deliver energy efficiency measures to consumers. The penalty would have been higher if ScottishPower had not continued to install energy efficiency measures following its missed deadline. The supplier fully mitigated the volume of its shortfall arising from non-compliance by April 2013 and over-delivered by 2%. ScottishPower agreed to settle the investigation with Ofgem enabling a quicker resolution to the matter. Without these measures and co-operation the level of penalty would have been higher. The company will provide consumer redress measures by allocating £2.4 million to the ScottishPower Energy People Trust which will benefit consumers similar to those for whom the CESP scheme was developed.
Scottish Power to Pay £8.5 Million to Customers after an Investigation by Britain's Energy Regulator
Oct 22 13
Scottish Power is to pay £8.5 million ($13.7 million) to customers after an investigation by Britain's energy regulator found it gave misleading information during sales. Scottish Power did not appropriately monitor its doorstep and telephone sales agents, which led to the misleading information being given a breach of its marketing license conditions. The money will be used to set up a £1 million fund to compensate those affected and to provide £7.5 million to a discount scheme for vulnerable customers such as the elderly.
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