SSE to freeze prices until 2016

Energy company SSE has said it will freeze gas and electricity prices until 2016.

The supplier said the move would lower profits but it would “streamline” its business to cover the shortfall.

It plans to cut 500 jobs and put on hold three planned offshore wind farm developments.

SSE, the UK’s second largest energy firm, has previously been critical of Labour’s flagship energy policy which promises to freeze prices for 20 months after the next election.

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