SSE PLC FIDDLER'S FERRY COAL-FIRED POWER STATION (5943T)
March 30 2016 - 12:00PM
UK Regulatory
TIDMSSE
RNS Number : 5943T
SSE PLC
30 March 2016
FIDDLER'S FERRY COAL-FIRED POWER STATION
SSE's power station at Fiddler's Ferry, Cheshire, has today
successfully secured a contract to provide ancillary services to
National Grid. The one-year contract, which starts on 1(st) April
2016, covers one of the three available units at the site. It was
secured following a competitive procurement process.
The future of commercial operation at three of the four units at
Fiddler's Ferry (1,455MW) has been the subject of a consultation,
announced by SSE on 3(rd) February 2016. The fourth unit has a
'Supplemental Balancing Reserve'(SBR) contract for the winter of
2016/17.
Following its success in securing the contract to provide
ancillary services, and in view of the UK government's current
consultation on reforms to the Capacity Market, SSE has decided
to:
-- confirm that, in accordance with its statement on 3(rd)
February 2016, one unit at the station will provide SBR services to
National Grid for the winter of 2016/17. Transmission Entry
Capacity (TEC) is therefore not required for this unit's
capacity;
-- retain TEC for the station of 1,455MW, equivalent to the
capacity of three units, for 2016/17; and
-- enter all or part of Fiddler's Ferry capacity into any 2017/18 Capacity Market auction.
SSE currently employs 213 people at Fiddler's Ferry. In light of
today's announcement SSE will consult further with its employees
and their representatives about the future operational requirements
of the site.
Martin Pibworth, Managing Director, Wholesale, for SSE said:
"Challenging economic and environmental conditions for coal as the
UK cleans its electricity mix mean that the longer term future of
the site remains uncertain but we are very pleased to have secured
this 12 month contract. We will continue our consultation with
employees as we complete our review of the operational requirements
of the station."
Enquiries:
SSE Investor Relations and Media : +44 (0)345 0760 530
This information is provided by RNS
The company news service from the London Stock Exchange
END
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