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27 April 2010

Green energy players go from strength to strength

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Good Energy reports that sales and profits climbed last year despite " difficult market conditions"

Two of the UK's leading green energy suppliers were celebrating this week after Good Energy reported that pre-tax profits rose 30 per cent last year, while Ecotricity announced that it has secured planning permission for a new headquarters.

Good Energy announced yesterday that it enjoyed a sold 2009, shrugging off the effects of the recession as sales climbed over three per cent year-on-year to £18.3m and pre-tax profits leapt 30 per cent to £662,607.

The company accepted that it had faced "difficult market conditions" throughout 2009, but still managed to add 887 new customers, taking its total customer base to 26,000 households and businesses.

The company also signed up 2,675 customers to its new gas tariff and began work on its £12m project to revamp its Delabole wind farm in Cornwall.

Juliet Davenport, chief executive at the company said that the firm had " matured significantly" during the year and was now well positioned to take advantage of the growing interest in green energy driven by the government's new green tariff accreditation, feed-in tariff and renewable heat incentives schemes.


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