Ecotricity: SSE price freeze will have 'long term cost'
The boss of Ecotricity has questioned the two-year SSE price freeze, calling it a "very short term measure" at a "long term cost".
To cover the shortfall, SSE announced it would cut 500 jobs and shelve three planned offshore wind farm developments.
Chief Executive Dale Vince told BBC Radio 5 live's Adam Parsons: "The real shame here is that SSE is not investing in renewables which is what our country needs to properly tackle rising energy bills."
SSE chief executive Alistair Phillips-Davies said "delivering the lowest possible energy prices" to customers was "central to everything we do".
26 Mar 2014
- From the section Business