Good Energy Group PLC Launch of new smart export tariff
22 March 2023 - 6:00PM
RNS Non-Regulatory
TIDMGOOD
Good Energy Group PLC
22 March 2023
22 March 2023
Good Energy Group PLC
("Good Energy" or the "Company")
Launch of new smart export tariff
Good Energy (AIM:GOOD), the pioneering clean energy company, is
pleased to announce that it has launched a new smart export tariff
for households with solar panels. This latest milestone is in line
with Good Energy's strategy to expand its decentralised energy
services offering.
The 'Power for Good' tariff will pay customers 10p per kWh, a
leading rate for a variable export tariff which can help the
typical solar-powered home generate around GBP150 per year for the
energy they share.
The tariff has been launched to complement and accelerate Good
Energy's solar installation rollout strategy as more households
look to become renewable generators. As previously announced, Good
Energy has identified a key target segment of over 250,000
households considering a solar installation by 2026. In 2022, UK
installations doubled to over 130,000, with high energy prices
driving increased interest in households generating their own
power. It is a rapidly growing market in which the Company, as a
trusted green pioneer with over 20 years as a renewable electricity
supplier and a legacy that includes being the first UK company to
pay households for the solar energy they generate, is well
positioned to become a market leader.
In February, the Company announced that it has commenced
domestic rooftop solar installation, completing its first
installation just two months after the acquisition of Igloo Works
in December 2022.
The 'Power for Good' tariff comes after the introduction of a
smart export for the Company's Feed-in Tariff (FiT) customers. As
the largest voluntary administrator of the Feed-in Tariff and the
second largest overall, with over 180,000 customers to whom it
processed over GBP224m worth of payments in 2021/22, Good Energy
continues to play a leading role in the future potential of the
solar energy industry.
Nigel Pocklington, CEO of Good Energy, said: "Solar is a key
pillar of our green energy services strategy and today's
announcement marks another significant milestone in our journey
towards being the go-to provider and one-stop-shop for solar power
generation and leading export tariff prices. It is a pleasing
development which follows swiftly on the back of our first solar
installation, and we expect it to drive more households to switch
to solar.
"Following a year of record energy prices, we expect the growing
interest in solar to continue at a significant rate as the
Government, together with businesses and consumers, focus on
building long-term renewable energy solutions. We will continue to
drive interest and expand our customer base with competitive
leading export tariffs, financing and bundling to make cutting
carbon cost-effective and accessible for all."
Enquiries
Good Energy Group PLC Email: press@goodenergy.co.uk
Nigel Pocklington, Chief Executive
Charlie Parry, Director of Corporate
Strategy & Investor Relations
Ian McKee, Head of Communications
Email: GoodEnergy@secnewgate.co.uk
SEC Newgate UK
Elisabeth Cowell / Molly Gretton Tel: +44 (0)7900 248213
Investec Bank plc (Nominated Adviser
and Joint Broker) Tel: +44 (0) 20 7597 5970
Henry Reast / James Rudd
Canaccord Genuity Limited (Joint Broker) Tel: +44 (0) 20 7523 8000
Henry Fitzgerald - O'Connor / Harry
Rees
About Good Energy www.goodenergy.co.uk
Good Energy is a supplier of 100% renewable power and an
innovator in energy services. It has long term power purchase
agreements with a community of 1,700 independent UK generators.
Since it was founded over 20 years ago, the Company has been at
the forefront of the charge towards a cleaner, distributed energy
system. Its mission is to power a cleaner, greener world and make
it simple to generate, share, store, use and travel by clean power.
Its ambition is to support one million homes and businesses to cut
carbon from their energy and transport used by 2025.
Good Energy is recognised as a leader in this market, through
our green kite accreditation with the London Stock Exchange and as
the only energy supplier with Gold Standard Uswitch Green Tariff
Accreditation for all tariffs.
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