RCS - Good Energy Group - Good Energy doubles solar rate for customers

Good EnergyAnnouncement

22/08/2024 07:00

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RNS Number : 3247B  Good Energy Group PLC  22 August 2024

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

 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 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.

 

 

 

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