SSE has always believed in fair taxation and welcome a well-designed levy on extraordinary profits, SSE Chief Executive Alistair Phillips-Davies, has said in response to the UK Chancellor's Autumn Statement.

Responding to the introduction of a 45% levy on low carbon electricity generators Mr Phillips-Davies said: "SSE has always believed in paying our fair share of tax and think a well-designed levy on extraordinary profits, where they are actually realised, is reasonable.


"We also believe in treating the cause, not just the symptoms of the energy crisis and we look forward to hearing more from government about how it will support the massive investment in homegrown clean energy that this country needs to end our dependence on expensive imported gas and cut bills in the future.

"Our commitment to this is clear with a potential £24bn pipeline of shovel-ready projects in the UK that will support thousands of good jobs in communities across the country.

"We will now work constructively with the government to see how this new tax will work in detail and how we can deliver a cheaper, cleaner and more secure homegrown energy system that protects families and business from energy price shocks in the future."