RNS
REACH
22
August 2024
Good Energy Group
PLC
("Good Energy" or the
"Company")
Good Energy doubles exclusive
solar export payments for customers
Good Energy Group PLC (AIM: GOOD),
is pleased to announce that Good Energy Solar customers will now be
able to access an exclusive 40p per kilowatt hour export tariff as
the Company has doubled its Solar Savings Exclusive
rate.
The new 40p per kilowatt hour rate,
which is fixed for 12 months, is the highest export tariff rate
available on the market and eligible for Good Energy customers who
have installed a solar array and battery storage through Good
Energy Solar, have a smart meter and are on one of Good Energy's
supply tariffs. The announcement reinforces Good Energy's
commitment to rewarding existing customers using multiple
energy-saving products within the Good Energy ecosystem.
The rate could see a typical home
with a 10-panel solar and storage installation effectively
receiving free electricity after their bill reductions and export
payments. Based on a typical household usage of 2700kWh and an
annual electricity bill of £873, bills would be reduced to £293.52,
and an annual export payment of £322.37 for 25% of generation would
leave them in credit by £28.84. With 10 panel solar and storage
installations from £10,500, this means customers could pay off more
than 8% of the upfront costs in a year.
Tom Parsons, director of
sales and origination at Good Energy, said:
"Since Good
Energy launched HomeGen - the first ever export tariff for UK homes
with solar - 20 years ago, we have been committed to helping people
to become generators of renewable power themselves. With this new
export rate, we are continuing to help microgeneration make
financial sense.
"Doubling what was already a competitive export tariff to
match the best rates on the market shows exactly that - providing a
one-stop solution for green-minded customers and offering a suite
of products that help them simultaneously reduce carbon and save
money. By focusing on multiple products and tariffs that work in
tandem, we are working to incentivise customers to embark on a
deeper and broader relationship with us and boost their overall
lifetime value."
Enquiries
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Good Energy Group PLC
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Nigel Pocklington, Chief
Executive
Ian McKee, Head of
Communications
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Email: press@goodenergy.co.uk
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SEC
Newgate UK
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Email: GoodEnergy@secnewgate.co.uk
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Elisabeth Cowell / Molly
Gretton
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Tel: +44 (0)7900 248213
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Investec Bank plc (Nominated Adviser and Joint
Broker)
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Henry Reast / James Rudd
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Tel: +44 (0) 20 7597 5970
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Canaccord Genuity Limited (Joint Broker)
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Henry Fitzgerald - O'Connor / Harry
Rees
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Tel: +44 (0) 20 7523
4617
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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 more than 2,500
independent UK generators.
Since it was founded 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 use by 2025.
Good Energy is recognised as a
leader in this market, through its B Corp accreditation, Which? Eco
Provider status and Gold Standard Uswitch Green Tariff
Accreditation for all tariffs.
