Scottish Power

What Scottish Power does

ScottishPower is a vertically integrated UK energy company and wholly-owned subsidiary of Iberdrola S.A., operating across the full energy value chain through distinct business units: ScottishPower Renewables (40 windfarm sites producing over 2,800 MW, with a 16 GW pipeline including East Anglia THREE under construction), SP Energy Networks (regulated transmission and distribution serving 3.5 million customers across Scotland, Wales, and Northern England), SP Electricity North West (2.4 million connections), ScottishPower Retail (gas and electricity supply to over 5 million households and businesses), and eHeat Networks (shared ground array infrastructure for heat pumps). The company became the first integrated UK energy company to generate 100% green electricity in 2023 after divesting its last gas plant.

The business operates through four primary revenue streams: regulated electricity distribution (RIIO price controls providing inflation-linked recurring returns), retail energy supply (subscription tariffs subject to Ofgem price cap regulation), renewable generation (PPAs, CfDs, and direct sales), and emerging eHeat network services. Underlying technology includes HVDC subsea interconnector infrastructure (Eastern Green Link 4, 530 km, 2 GW), 59,736 km of distribution cables and overhead lines, smart metering enabling dynamic time-of-use tariffs, and proprietary heat pump flexibility solutions developed through the EQUINOX innovation project. Capital intensity is a defining feature, with £18 million invested daily in the UK green energy transition.

ScottishPower is headquartered in Glasgow with offices in Liverpool and other regional centers. The company employs over 6,000 engineers and is led by CEO Keith Anderson, CFO Charles Langan (appointed July 2024), and a division leadership team including Nicola Connelly (SP Energy Networks), Charlie Jordan (Renewables), and Andrew Ward (Customer Business). Iberdrola, the parent company, is publicly traded on Bolsa de Madrid with a market capitalization exceeding €70 billion, and has doubled its UK investment commitment to £24 billion.

Name

Scottish Power

Legal name

ScottishPower Ltd

Website

https://scottishpower.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

ScottishPower is a vertically integrated UK energy company (Iberdrola subsidiary) operating renewables generation, regulated transmission and distribution networks, and retail energy supply, serving over 10 million customer connections across the UK.

Ownership category

akta.pro rank

Product category

Integrated Energy Utility

NAICS

Electric Power Generation, Transmission and Distribution (2211), Wind Electric Power Generation (221115), Electric Power Transmission, Control, and Distribution (22112)

SIC

Electric Services (4911)

akta.pro primary industry

Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF)

akta.pro secondary industry

Onshore Wind Power Generation (Utility-Scale) (EUACAFAA)

Keywords

• Electricity generation
• Renewable energy
• Power distribution
• Energy retail
• Offshore wind

Headquarters

HQ city

Glasgow

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Regulated Electricity Distribution: SP Energy Networks operates regulated electricity transmission and distribution networks serving 3.5 million homes and businesses across Central and Southern Scotland, North and Mid Wales, Cheshire, and Merseyside. This is the primary profit driver, posting 12% profit rise to £3.15 billion in 2025 driven by regulated network operations.
2. Retail Energy Supply: Supplies gas and electricity to over 5 million households and businesses across the UK. Revenue generated through energy tariffs including standard variable tariffs and fixed-rate products, with smart meters enabling time-of-use pricing like 'half price electricity at weekends' initiatives.
3. Renewable Energy Generation: ScottishPower Renewables operates 40 windfarm sites producing over 2,800 MW of renewable energy. Revenue from renewable generation includes power purchase agreements, CfD (Contract for Difference) revenues, and direct power sales.
4. eHeat Networks: Shared ground array infrastructure for ground source heat pumps, providing funding to reduce capital costs of geothermal installation. Customers charged nominal fee plus CPI, similar to regulated price mechanism.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

ScottishPower is a vertically integrated UK energy company operating renewable electricity generation (40+ windfarm sites, 2,800+ MW, 16 GW pipeline), regulated electricity transmission and distribution networks (SP Energy Networks and SP Electricity North West serving 5.9 million homes and businesses), and retail gas and electricity supply to over 5 million UK households and businesses. It is currently developing the 2 GW Eastern Green Link 4 (EGL4) HVDC subsea interconnector between Scotland and England under a £24 billion Iberdrola-led UK investment programme.

Product overview

ScottishPower is the UK's only vertically integrated energy company, operating across the full energy value chain through distinct business units. ScottishPower Renewables develops and operates wind energy assets (40+ onshore sites, 2,800+ MW, plus offshore projects including East Anglia THREE and TWO). SP Energy Networks manages transmission and distribution infrastructure serving 3.5 million customers. SP Electricity North West operates the North West England network serving 2.4 million customers. ScottishPower Retail supplies gas and electricity to over 5 million households with products including smart meters and innovative tariffs. eHeat Networks provides shared ground array infrastructure for heat pumps. The company also operates the ScottishPower Foundation for charitable giving and is developing major infrastructure projects including the Eastern Green Link 4 subsea interconnector. All operations fall under parent company Iberdrola Group.

Differentiator

Problem solved

Functional benefit

Brands

• SP Energy Networks: Electricity transmission and distribution network operations across Central and Southern Scotland, North and Mid Wales, Cheshire, and Merseyside
• ScottishPower Renewables
• ScottishPower Retail
• SP Electricity North West
• eHeat Networks

Products and services

• ScottishPower Retail Energy Supply Retail supply of gas and electricity to over 5 million households and businesses across the UK, offering standard variable and fixed-rate tariffs, smart meters, boiler cover, and remote heating control solutions.
• SP Energy Networks Regulated electricity transmission and distribution network operator providing power to 3.5 million homes and businesses across Central and Southern Scotland, North and Mid Wales, Cheshire, and Merseyside through cables and power lines.
• SP Electricity North West Regional electricity distribution network serving 2.4 million homes and businesses across North West England through 59,736 km of underground cables and overhead lines.
• ScottishPower Renewables Renewable energy generation business operating 40 onshore windfarm sites producing over 2,800 MW of renewable energy plus offshore wind farms (East Anglia THREE and East Anglia TWO), with a total UK pipeline of over 16 GW including PPAs and CfD revenues.
• eHeat Networks Shared ground array infrastructure for ground source heat pumps, providing funding to reduce capital costs of geothermal installation with customers charged a nominal fee plus CPI, enabling mass deployment of heat pumps for residential and commercial buildings.
• Eastern Green Link 4 (EGL4) HVDC Interconnector 2 GW HVDC subsea electricity interconnector spanning 530 km between Fife, Scotland and Norfolk, England, transmitting renewable energy with capacity to power approximately 1.5 million UK homes.
• East Anglia THREE Offshore Windfarm 1,400 MW offshore windfarm currently under construction, part of the £4 billion East Anglia offshore wind project portfolio co-owned with Masdar, featuring 115-metre blades and expected to generate renewable energy at scale.
• East Anglia TWO Offshore Windfarm Offshore windfarm project with turbine supply agreement worth over £1 billion with Siemens Gamesa for blade manufacturing in Hull, part of the £4 billion East Anglia offshore wind portfolio.
• West of Duddon Sands Offshore Windfarm ScottishPower's first offshore windfarm project, producing renewable energy as part of the company's operational 40-site windfarm portfolio generating over 2,800 MW.
• Smart Meters Smart metering technology deployed for customers enabling energy usage tracking, automated readings, and access to innovative tariffs; customers saved £2 million through the 'half price electricity at weekends' initiative.

Quantifiable outcome

• Customers saved £2 million through half-price weekends tariff initiative
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

13 partnerships are on record, tiered core, minor and flagship.

• National Grid Electricity DistributioncoreStrategic or Co-development Partner · 19 May 2026Collaboration on EQUINOX innovation project - one of UK's largest domestic heat pump flexibility trials involving over 1,800 households. ScottishPower implementing insights into business operations.
• Octopus EnergycoreStrategic or Co-development Partner · 19 May 2026Octopus Energy implementing insights from National Grid's EQUINOX heat pump flexibility trial into their business operations, alongside ScottishPower.
• Fort, Seafield and Wallacetown Community AssociationminorGTM or Marketing Partner · 3 April 2026Community partnership to install community-owned solar panels in Wallacetown, Scotland. Project aims to generate revenue of approximately £1 million over 25 years for local community development.
• SSEflagshipStrategic or Co-development Partner · 2 April 2026Joint £46 billion infrastructure investment program (2025-2030) with SSE, Scottish Water and Openreach to transform Scotland's energy, water and digital services.
• Scottish WaterflagshipStrategic or Co-development Partner · 2 April 2026Joint £46 billion infrastructure investment program (2025-2030) with Scottish Water and Openreach to transform Scotland's infrastructure.
• OpenreachflagshipStrategic or Co-development Partner · 2 April 2026Joint £46 billion infrastructure investment program (2025-2030) to transform Scotland's energy, water and digital services.
• IMServminorChannel Partner/ Reseller/ Distributor · 27 March 2026Sale of SP Dataserve, ScottishPower's commercial metering services provider, to IMServ. Part of Iberdrola's UK portfolio streamlining strategy to focus on core activities.
• PrysmiancoreStrategic or Co-development Partner · 25 March 2026Prysmian awarded £2 billion cable contract for Eastern Green Link 4 project. Prysmian will supply and install the HVDC subsea cable system for the 530km interconnector.
• NearacoreTechnology or Integration · 9 February 2026Neara provides AI models to Scottish Power and other utilities to predict scenarios such as extreme weather events and optimize power usage. Neara achieved unicorn status ($1B+ valuation) serving international utility customers.
• ShellflagshipStrategic or Co-development Partner · 1 July 2024ScottishPower and Shell partnership submitted multiple proposals for large-scale floating offshore windfarms as part of Crown Estate Scotland's ScotWind Leasing programme.
• MasdarflagshipStrategic or Co-development Partner · 1 January 2023Co-ownership with Masdar on East Anglia THREE offshore windfarm (£4 billion project). Masdar is Abu Dhabi's clean energy company and strategic partner for international renewable projects.
• InoBatcoreStrategic or Co-development Partner · 1 January 2022Strategic partnership with InoBat, the European pioneer of premium electric vehicle battery R&D, engineering, production and recycling, to support EV battery technology development.
• Siemens GamesacoreStrategic or Co-development Partner · 1 January 2021£1 billion offshore wind turbine deal for East Anglia TWO offshore windfarm. Turbine blades built in Hull with Siemens Gamesa supplying major turbine components.

Scale indicators14 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• SSE plc: SSE is one of the UK's largest integrated energy companies with generation, networks and customer businesses. It directly overlaps with ScottishPower across regulated transmission/distribution in Scotland, renewable generation (onshore/offshore wind, hydro), and retail supply, and is a joint partner with ScottishPower in the £46 billion Scotland infrastructure investment programme.
• EDF Energy: EDF Energy is a major UK integrated energy operator with significant generation (nuclear, renewables), supply and services businesses. It is a direct peer to ScottishPower in supplying large C&I customers and residential consumers, and in operating low-carbon generation assets.
• E.ON UK: E.ON UK is one of the top six UK power companies and a major integrated competitor to ScottishPower across retail energy supply, distribution networks (via its Electricity Distribution business), and increasingly heat networks and EV infrastructure.
• National Grid plc: National Grid owns and operates the high-voltage electricity transmission network in England and Wales and is a direct peer in regulated networks. It is also collaborating with ScottishPower on the EQUINOX heat pump flexibility trial, demonstrating deep overlap on grid innovation and infrastructure delivery in the UK.
• Centrica (British Gas): Centrica owns British Gas, one of the largest UK retail energy suppliers and home services providers, and operates Centrica Business Solutions. It is a direct peer to ScottishPower Retail across residential and business energy supply, boiler cover and smart home services.

Broad incumbents

• Ørsted A/S: Ørsted is the world's leading offshore wind developer and a direct competitor to ScottishPower Renewables on large-scale UK offshore wind projects (e.g. Race Bank, Hornsea). It shares the same offshore wind supply chain partners (e.g. Siemens Gamesa) and competes for CfD allocations.
• Iberdrola S.A. Iberdrola is the parent company of ScottishPower and the world's largest integrated utility and wind energy producer (29,500 MW installed capacity globally). It is a broad incumbent peer with overlapping capabilities across renewable generation, networks and retail across multiple geographies.
• Drax Group: Drax Group is a major UK power generator with the UK's largest biomass power station, hydro assets and a growing renewable generation business. It is a partial peer to ScottishPower Renewables in large-scale renewable and low-carbon generation and competes in UK wholesale power markets.

Regional players

• Vattenfall AB: Vattenfall is a Swedish state-owned integrated utility and one of Europe's largest generators of renewable electricity. While operating primarily in the Nordic and Northern European markets, it is comparable to ScottishPower across renewable generation, district heating and integrated utility operations.

Emerging players

• Octopus Energy: Octopus Energy is a UK-based digital-native retail energy supplier and is among the most disruptive competitors to ScottishPower Retail. It is implementing insights from the EQUINOX heat pump flexibility trial alongside ScottishPower, and competes head-on in dynamic tariffs and tech-led customer experience.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/sp_energypeople
• YouTubeyoutube.com/user/ScottishPowerUK
• LinkedInlinkedin.com/company/5303
• Instagraminstagram.com/scottishpowerhq
• Facebookfacebook.com/ScottishPower

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries9 records

Funding overview

Funding rounds1 record

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Scottish Power