Scottish and Southern Energy breaks ranks with other Big Six suppliers by letting domestic suppliers bid for its energy supply

Scottish and Southern Energy is shaking up Britain's energy market by auctioning all its electricity on the open market.
SSE announced last night that it will break ranks with its fellow Big Six power suppliers by letting domestic suppliers bid for its entire energy supply. The company will also buy all its own electricity from the same "day-ahead" wholesale market. "By selling its total supply of electricity and buying its total electricity demand simultaneously in the day-ahead auction, SSE will significantly improve the liquidity, depth and credibility of the market, and assist in the creation of a robust and tangible pricing index," said a company statement.

The move comes two weeks after Labour pledged to break the Big Six's "stranglehold" on the UK energy market, in the face of rising prices. The shadow energy secretary, Meg Hillier, told the party's conference in Liverpool energy production should be fed into a central "pool", allowing any company to buy and supply it. Huw Irranca-Davies, Labour MP for Ogmore, welcomed SSE's decision to "break ranks" with the rest of the industry, predicting it would....Read more here---> Energy market faces shakeup as SSE auctions electricity share