SSE chief executive Alistair Phillips-Davies gets 72% pay rise weeks after arguing against cap on bills

‘Weeks after arguing against customers having their energy bills capped, the chief executive of one the UK’s biggest energy companies has been given a 72 per cent pay rise.
After a “robust performance” by SSE last year, Alistair Phillips-Davies will receive the maximum possible bonuses of £2.92.m in 2017.
He was paid a base salary of £844,000, and a £910,000 annual bonus – more than double the year before.
He also received a long-term incentive payout of £644,000, benefits of £25,000 and £502,000 for his pension.
It is larger than the 40 per cent rise given to Iain Conn, the chief executive of British Gas owner Centrica, which led to a revolt from shareholders. Overall, 33 per cent of investors failed to back the energy supplier’s remuneration policy at its annual meeting in April.
News of Mr Phillips-Davies’ financial package came just after a month after he argued against a cap on customers energy bills in an article for The Telegraph.’
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