Good Energy has defied the gloom of the UK’s energy market by selling more green energy to a growing number of companies with green sustainability targets. The renewable energy company more than doubled annual profits despite a record number of suppliers collapsed under the pressure of rising energy costs last year. Good Energy said it offset the fierce competition in the household energy market by increasing its green energy sales to businesses by almost a quarter. As a result profits climbed to £1.6m, from £700,000 the year before, as eight rivals collapsed and others deepened their losses in the face of rising costs and competition. Juliet Davenport, Good Energy’s chief executive, said demand for green power was rising because major UK companies were making commitments to reduce their carbon emissions, or use renewable energy. “They are looking to their supply chains to do the same,” she said. Ms Davenport said Good Energy’s 150,000 household customers have a total of 600 megawatts of home solar power installed – as much as a small gas-fired power plant.
Telegraph 2th March 2019 read more »