Good Energy Business Electricity Rates Review
Information on 100% renewable energy group “Good Energy Ltd” that supplies only green electricity to homes and businesses in the UK.
The Good Energy company is the UK’s only electricity supplier where all their energy comes from 100% renewable sources. They currently supply 26,000 homes and businesses (1,600 businesses) in the UK with their tariffs. In addition, 1 in 25 of their customers generates their own power. They also have the highest customer satisfaction rating for any utility company.
Where does the renewable energy come from ?
Most of the energy that is supplied comes from purchasing it from the hundreds of UK wind farms and Good Energy also have their own farm in Delabole in Cornwall which is currenty being developed.
Around 13% of the energy comes from hydro electric power and more is to come from new wave technologies. Additional supplies come from solar panels and biomass and biogas generators. The average amount of renewable energy supply across all energy companies in the UK as reported by Ofgem is around 6%.
Good energy financial results
Good Energy have released their financial results which show improved profits and customer growth. Their shares are quoted on the Plusmarket under symbol GEGP and have a market capitalisation of around £4million. Current financial highlights include the following :
- Profit before tax up 30% to £662,607
- Operating profit up 37% to £675,336
- Gross profit £5,044,886 (2008: £4,558,195)
- Turnover £18,290,012 (2008: £17,673,909)
- Introduction of dividend programme in prospect for 2010
- Good Energy is unique in the energy supply industry by buying and selling only 100% renewable electricity. To compare the fuel mix of other supplier
- More than 26,000 homes and businesses across the UK have switched to Good Energy.
- By paying them for the energy they produce, Good Energy also supports a pioneering community of more than 1,000 independent renewable generators that use wind, small-scale hydro, solar power and sustainable biomass to generate heat and power.
- In 2008, Good Energy added a Gas product to its range. It now has over 2,500 customers, a 50% increase in the year.
- On 8 January 2009, Good Energy Group PLC announced a £11.8 million package for the re-powering of its windfarm at Delabole in North Cornwall comprising £9.6 million in debt finance from the Co-operative Bank and £2.2 million equity from Good Energy Group PLC’s own resources.
- Good Energy wins numerous awards including, most recently: West of England Business of the Year 2009; Sunday Times Green Company 2009; Observer Ethical Award for best online retail initiative 2009. Good Energy has come top in the latest Which? Money’s customer satisfaction survey for electricity suppliers; Juliet Davenport won PLUS markets CEO of the Year in 2009.
How to join Good Energy for your business
If you now want to join or simply get a quote currently you have to telephone their helpful customer service team which is not a problem where this company is concerned because they pride themselves on getting you through to a real person and not an automated calling system. The sales team are open from Monday to Friday 8.30am to 5.30pm to take your business enquiry.
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