SSE Airtricity owner ups earnings outlook on soaring energy prices

SSE also said it doesn’t have any energy supply contracts with Russian counterparts and is “ceasing trading” activities with Russian companies

The company has raised prices four times across Ireland and the UK in just over a year.

Shares in British energy utility SSE – which operates in Ireland as SSE Airtricity – briefly rose to a record high after the company upgraded its full-year outlook for a second time in two months as some of its power plants benefited from record market volatility and soaring prices.

Russia’s invasion of Ukraine has sent energy markets, from coal to electricity, to new highs this year on top of the records during last year’s energy crisis.