Good Energy Group PLC Good Energy launches Smart Export Tariff
February 14 2023 - 2:00AM
RNS Non-Regulatory
TIDMGOOD
Good Energy Group PLC
14 February 2023
London, 14 February 2023
Good Energy Group PLC
("Good Energy" or "the Company")
Good Energy launches smart export tariff for Feed-in Tariff
customers
UK's largest voluntary Feed-in Tariff administrator is piloting
smart export for FiT customers with plans to roll the service out
to 80,000 customers this year
Good Energy (AIM: GOOD), the UK's largest voluntary Feed-in
Tariff (FiT) administrator with over 180,000 generation customers,
has launched a new smart export product for its FiT customers,
which means they could earn more from the electricity they
generate.
Good Energy's move into smart export marks an evolution for the
business as it scales its ambition to help one million homes and
businesses cut carbon from their energy and transport use by 2025.
The company sees significant potential in the scalability of smart
export as demand increases from consumers and businesses looking to
generate their own power to reduce their costs and generate income
at the same time as reducing their carbon footprint, a trend
supported by increasingly affordable low-carbon technology.
Customers moving to smart export will receive payment for the
actual amount of electricity they export, rather than 50 per cent
of what they generate, which is the FiT scheme's standard estimate
of the proportion of power customers' export. The new service means
that customers that export over 50 per cent have the opportunity to
earn more, making payments simpler, clearer and fairer for
thousands of homes that micro-generate their own electric power
through technologies such as solar panels and micro-wind
turbines.
A small number of Good Energy customers took part in a pilot in
December 2022, with numbers scheduled to ramp up throughout 2023.
Customers will continue to receive their FiT unit rates but with
the opportunity to earn more based on how much they actually export
onto the grid. Good Energy plans to roll the service out to 80,000
customers by the end of 2023.
Following this launch, Good Energy plans to introduce a new
market leading domestic export tariff for households in the first
few months of 2023.
Good Energy is now also able to offer solar installations,
alongside heat pump installations, having brought on the capability
through the acquisition of Igloo Works in December 2022. Good
Energy will look to scale this installation offer as part of its
strategy to provide services which help homes and businesses
generate, store, use and share their own power.
Nigel Pocklington, CEO, Good Energy said: "Good Energy has long
been a pioneer in supporting small scale clean energy generation,
and this launch continues that tradition of innovation.
"As a leading player in helping homes and businesses generate
their own clean power, it's a big moment not only for Good Energy
but for a future decarbonised, decentralised and digitalised
electricity grid.
"The switch from deemed to actual metered export for tens of
thousands of small generators, and all the data that will provide,
is a huge step in making that future a reality."
Learn more about smart export here .
Register interest for Good Energy's future products and services
at goodenergy.co.uk .
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
SEC Newgate UK Email: GoodEnergy@secnewgate.co.uk
Elisabeth Cowell / Molly Gretton Tel: +44 (0)7900 248213
Investec Bank plc (Nominated Adviser Tel: +44 (0) 20 7597 5970
and Joint Broker)
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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