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
Ian McKee, Head of
Communications
|
Email: press@goodenergy.co.uk
|
SEC
Newgate UK
|
Email: 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
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.