Scottish Power

Tuesday 23rd July, 2013 By Martin Fagan
Scottish Power

Owned by Spanish energy giant Iberdrola, Scottish Power generates and provides power to homes and businesses throughout the UK

Scottish Power provides electricity and gas services to 5.2 million homes in the UK, generates energy from a range of sources covering coal, gas, nuclear and renewable sources and is one of the leading green energy providers.

Tariffs

Following energy regulator Ofgem pressing for all the major energy suppliers to radically reduce the number of tariffs available, Scottish Power now markets only a few tariffs.

The details of these tariffs change regularly, but they will usually include a standard tariff as well as a fixed, discounted and a green/sustainable energy tariff.

Scottish Power's standard energy customers can benefit from discounts based on the services they receive and the way they pay for them.

They can bundle their gas and electricity, pay by direct debit and make further savings by managing their account entirely online.

History of Scottish Power

Scottish Power was formed in 1990, in preparation for the privatisation of the government owned Scottish electricity industry the following year.

In March 2007, Scottish Power was bought by Spanish energy giant Iberdrola for £11.6billion, effectively creating Europe's third largest utility company.

Scottish Power in the community

The company administers the Scottish Power Green Energy Trust, an independent charity which helps community-based renewable energy projects get off the ground.

Funded entirely by donations from its Green Energy Fund customers, the Trust has awarded almost £1.5million to more than 128 projects since it was first established 13 years ago.

All kinds of projects are considered, from solar panels for sheltered housing to wind turbines for schools, but all must have a strong community benefit as well as a wider educational element.