Good Energy partners with Ripple
18/07/2024 07:00
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RNS Number : 8283W Good Energy Group PLC 18 July 2024
RNS REACH
18 July 2024
Good Energy Group PLC
("Good Energy" or the "Company")
Good Energy partners with Ripple on coop owned renewables
Good Energy Group PLC (AIM: GOOD), the 100% renewable electricity supplier and
energy services provider is partnering with cooperative clean energy ownership
innovator Ripple Energy to offer customers the option to own their portion of
large-scale wind or solar projects.
The new partnership will further bolster Good Energy's tariff offering to
customers, already directly 100% renewable backed through Power Purchase
Agreements, with the option to now own a portion of a renewable project -
lowering customers' bills in the process.
All of Good Energy's customers support renewables through their electricity
tariffs, which are 100% backed with power sourced directly from over 2,500
renewable generators across the UK. Through Ripple, they will now be able to
buy a portion of one of the cooperative renewable developer's projects and
earn credit directly back to their Good Energy account via the electricity the
project has generated. The approach directly supports the new Labour
Government's strategy of delivering renewable growth as part of its plan to
achieve its net-zero commitments.
Good Energy is joining Ripple Energy as an anticipated supplier, with a plan
to launch as a full supplier in the coming weeks. Once live, customers will
have the ability to buy into Ripple's new projects such as the planned
Whitelaw Brae Wind Farm - set to be the largest ever consumer-owned renewable
energy site in Britain.
Nigel Pocklington, Chief Executive of Good Energy, said: "Good Energy are the
specialists in microgeneration - helping hundreds of thousands of customers to
generate their own clean power and source it from small-scale renewable
generators. By working with Ripple we can offer them the chance to own their
own portion of a large-scale renewable project and reduce their bills at the
same time.
"We have always been big supporters of what Ripple is doing to make
cooperative renewable energy ownership simple and accessible, and it's well
aligned with our mission to help customers use clean power in their homes and
businesses. So we are very excited to be taking this step to work together. It
means our tariffs, already acknowledged as among the greenest on the market,
can be even greener."
Sarah Merrick, Founder and Chief Executive of Ripple Energy said: "Cooperative
ownership of renewable energy sites is gaining real momentum in the UK, with
Ripple demonstrating the tangible benefits that are accessible to everyone, no
matter where they live.
"Good Energy backing this movement and becoming our latest supply partner
further simplifies the process for consumers, making it even easier for people
to get involved. Good Energy customers will be able to seamlessly own their
own sources of renewable energy without having to switch suppliers.
"Alongside all our supply partners, we continue to empower British consumers
to take control of their energy future, contributing to the energy transition
while enjoying the financial benefits for themselves. With this latest
collaboration, we're another significant step forward in democratising the
renewable energy industry, making it affordable and accessible for all."
Enquiries
Good Energy Group PLC
Nigel Pocklington, Chief Executive Email: press@goodenergy.co.uk (mailto:press@goodenergy.co.uk)
Ian McKee, Head of Communications
SEC Newgate UK Email: GoodEnergy@secnewgate.co.uk (mailto:GoodEnergy@secnewgate.co.uk)
Elisabeth Cowell / Molly Gretton Tel: +44 (0)7900 248213
Investec Bank plc (Nominated Adviser and Joint Broker)
Henry Reast / James Rudd Tel: +44 (0) 20 7597 5970
Canaccord Genuity Limited (Joint Broker)
Henry Fitzgerald - O'Connor / Harry Rees Tel: +44 (0) 20 7523 4617
About Good Energy www.goodenergy.co.uk (http://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 2,000
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 green kite
accreditation with the London Stock Exchange, Which? Eco Provider status and
Gold Standard Uswitch Green Tariff Accreditation for all tariffs.
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