Scottish Power
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Scottish Power is a vertically integrated energy company, and a source of 100% green electricity and energy to over 5 million people in the UK, both commercially and residentially. They sit nicely within the ‘big six’ of the UK’s biggest energy suppliers in the UK.
ScottishPower is part of the Iberdrola Group who are global leaders in the development of wind power. They offer a variety of other services alongside their green electricity, which includes traditional energy supply including appliance cover and electric vehicle charging, which is a growing and profitable industry.
Scottish Power: Background
Scottish Power began in 1901 in Glasgow, but was officially formed in 1990, following the privatisation of Scottish electricity industry. They are now owned by Spanish energy firm Iberdrola, which came to fruition on November 28 2006, with an £11.6 billion takeover. Iberdrola is Europe’s third largest utility company, in which Scottish Power is now a proud partner.
Scottish Power strives to bring both competitive gas and electricity rates and tariffs for their customers, as well as offering additional services which provide comfort and security for their customers, such as boiler cover and remote heating control solutions. They are ‘committed to investing in renewable energy solutions’ as the need and desire for eco-friendly power sources continue. The rise in green energy has been a steep one in recent years and could well be the future of energy in the years to come. They hope to decrease their carbon footprints where possible and strive to bring only the best services to every customer.
Now, Scottish Power has a new clear focus, providing smart grids and wind energy to work towards a more eco-friendly future. They currently have stopped operating all coal-fired power stations and have sold any remaining gas plants, which has given them the full switch over to green energy; something they truly pride themselves on.
Scottish Power: The Future
As the future looms, Scottish Power will be investing more than £7 million every day to achieve a plethora of new smart grids across the UK which will allow customers to have instant and efficient access to all their smart energy solutions. The investment has come with a small price to customers. As of 2018, their fuel prices increased on an average of 3.7%, but with a dedication to creating better services, they have since raised their prices by 5.5% for a third of customers which began in June 2018. Their prices may not be the cheapest among energy providers but they do provide access to multiple helplines and offer a live chat to all customers on their website, who are struggling to make contact via the traditional telephone lines. They strive to further improve their customer service and their dedication to efficient and eco-friendly energy continues. They are likely to remain a contender for green power supplies well into the new decade.
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