SSE (SSE) investor relations material

Strategic vision and investment

• Targeting £29bn+ investment in transmission projects by 2030, with a focus on clean power and network resilience.

• Aims to meet 20% of GB demand for clean power and drive economic growth through electrification.

• Eleven major projects of national importance are underway, including HVDC links and significant onshore upgrades.

• Network growth is expected to continue beyond 2030, with additional projects identified and regulatory milestones mapped.

• Investment is fully funded and underpinned by a strong regulatory regime, ensuring high-quality earnings growth.

Operational excellence and delivery

• Achieved best-ever safety record and top quartile international benchmarking for reliability and availability.

• Over £6bn invested during RIIO-T2, doubling RAV to ~£9bn and becoming the second largest UK licensee.

• Delivery accelerated through early procurement, standardisation, and modular innovation, de-risking project execution.

• Over 75% of consents achieved for major projects, with proactive stakeholder engagement to maintain momentum.

• Industry-leading network performance with >99.99% reliability and significant reductions in faults and carbon intensity.

Regulatory and financial framework

• RIIO-T3 price control secures attractive returns (>9% ROE) and embeds protections against cost inflation and uncertainty.

• Funding clarity achieved for all major projects, with advanced construction and pre-construction costs secured.

• Predictable revenue model with built-in inflation and commodity protections, and incentives for outperformance.

• Baseline funding of ~£4bn ensures operational excellence, with additional mechanisms for future growth.

• Incentive framework rewards early delivery, innovation, and reliability, supporting sustainable returns.