Good Energy photograph

Good Energy

Use attributes for filter !
Stock price GOOD
Disclaimer
HeadquartersChippenham
United Kingdom
Revenue64. 3 million GBP (2015)
Founded2003
Number of employees276 (2015)
Date of Reg.
Date of Upd.
ID1078619
Send edit request

About Good Energy


Good Energy Group PLC is a British energy company based in Chippenham, Wiltshire that generates and purchases renewable electricity, and supplies electricity and gas to homes and businesses throughout the UK. Its CEO is Juliet Davenport.

Storm power cuts: Maximum compensation nearly triples to £2,000

Storm power cuts: Maximum compensation nearly triples to £2,000
Aug 31,2023 9:41 pm

... On Next, Octopus Energy and Good Energy were previously fined £8m in total for failing to pay compensation in time for missing final bill deadlines...

Ovo Energy customers hit with 'horror' bills of up to £116k

Ovo Energy customers hit with 'horror' bills of up to £116k
May 26,2023 4:50 am

... Last week, the regulator ordered Ovo and Good Energy after it was found they had overcharged households...

Ovo and Good Energy customers to get refunds after overcharging

Ovo and Good Energy customers to get refunds after overcharging
May 18,2023 4:00 am

...Thousands of Ovo and Good Energy customers are to get a refund after the regulator discovered that the firms had overcharged households...

Eurovision 2023: King Charles tells Mae Muller he will be 'egging you on'

Eurovision 2023: King Charles tells Mae Muller he will be 'egging you on'
Apr 26,2023 10:51 am

... Camilla said " no pressure" to Muller, who replied: " It feels like a Good Energy this year, no nil points...

Cost of living: Energy suppliers failing to help vulnerable customers - report

Cost of living: Energy suppliers failing to help vulnerable customers - report
Nov 21,2022 7:50 pm

... Five suppliers - Good Energy, Outfox, So Energy, Tru Energy and Utilita - were found to have " severe weaknesses" which prompted a strong response from some firms...

Warning energy bills may rise above £4,000 in April

Warning energy bills may rise above £4,000 in April
Oct 18,2022 6:11 am

... Great uncertainty The loss of the two-year cap will introduce a " considerable amount of anxiety about the future again" Nigel Pocklington, boss of renewable energy supplier Good Energy, told the BBC s Today programme...

Energy suppliers told to review soaring direct debits

Energy suppliers told to review soaring direct debits
Jul 13,2022 2:20 pm

... The six suppliers singled out included Ecotricity, Good Energy, Green Energy UK, Utilita Energy, TruEnergy and UK Energy Incubator Hub (which has now ceased trading)...

Gas prices: MPs and peers urge PM to act on energy bills

Gas prices: MPs and peers urge PM to act on energy bills
Jan 2,2022 4:37 am

... Other suppliers including Good Energy, EDF and trade body Energy UK have called for government intervention, after the cost of gas in wholesale markets rose by more than 500% in less than a year...

Warning energy bills may rise above £4,000 in April

Nov 11,2021 5:21 am

Typical household energy bills could reach £4,347 a year from April after the government said it would scale back support, an analyst has estimated.

The Forecast from Cornwall Insight comes after the chancellor said the energy bill cap, which had been due to last for two years, would end in April.

The government said The Most vulnerable would continue to be protected from soaring energy prices.

The forecasts could change depending on movements in wholesale energy prices.

The new Chancellor, Jeremy Hunt , announced The Change to the energy price support as part of a package of measures designed to save money after the government's mini-budget left a big projected hole in The Public finances.

On Monday, He Said " it would not be responsible to continue exposing public finances to unlimited volatility in international gas prices".

The government's Energy Price Guarantee, which limits The Price that suppliers can charge for each unit of energy, was originally put in place for two years from 1 October.

Now it will only be in place for six months, covering this winter, with the Treasury reviewing the support given from April.

Under the current cap consumers still pay for the gas and Electricity they use. A typical household - One that uses 12,000 kWh (kilowatt hours) of gas a year and 2,900 kWh of Electricity - currently faces an annual bill of £2,500. That is up from £1,277 Last Winter .

The Details of support from April will be decided following a review, Mr Hunt said. He Said those on lower incomes would be supported and there will be incentives to be more energy efficient.

Predictions from Cornwall Insight suggest that, for households that do not receive any support, a typical annual energy bill could be £4,347 in The Spring , dropping to £3,722 next winter.

'Great uncertainty'

The loss of the two-year cap will introduce a " considerable amount of anxiety about The Future again" Nigel Pocklington, boss of Renewable Energy supplier Good Energy , told The Bbc 's Today programme.

Mr Pocklington, whose firm has about 300,000 customers, said that his reassurances to people were based on the government " buffering them from The High levels of energy market through the winter".

However, on " current calculations without the government support" he estimated that the average energy bill would reach around £4,300 in April, dropping below £4,000 by the summer.

" These are extraordinarily high levels compared with what We Are used to paying, " He Said .

Sharing this concern, Mary Starks, former Executive Director for consumers and markets at energy regulator Ofgem, told the Today programme that The Move had put people back into a position of " great uncertainty".

On The Promise of targeted help, Ms Starks criticised the government for being " very unclear" because who will be affected and how it will work has not been explained.

" Even extending eligibility to everyone on universal credit is administratively complicated.

" The Number of households who will be struggling will be a lot bigger than that So There is more work needed to do the targeting, " she added.

Expensive scheme

The original Plan to cap prices for two years - Thought to cost up to £150bn - was to be funded through government borrowing after the Prime Minister rejected calls to extend a windfall tax on oil and gas firms.

However, former Chancellor Kwasi Kwarteng followed it with plans to cut taxes by some £45bn.

Concerns about rising borrowing sparked turmoil on financial markets which spilled over into the mortgage market, where interest rates on loans have surged to 14-year highs.

On Monday, as he announced the review of the energy support, while also reversing £32bn worth of the planned tax cuts, Mr Hunt said he was doing " what is necessary for economic stability".

He added that the Energy Price Guarantee had been " the biggest single expense" of Mr Kwarteng's growth Plan .



Source of news: bbc.com

Related Persons

Next Profile ❯