Good Energy Group - Gas Price Reduction

RNS Number : 7488I

Good Energy Group PLC

30 July 2012

 



30 July 2012

Good Energy Group PLC (the "Company")

GOOD ENERGY REDUCES GAS PRICES BY 5% FOR DUAL FUEL CUSTOMERS
AND REACHES MILESTONE OF 40,000 GENERATING CUSTOMERS

Good Energy, the UK's leading 100% renewable electricity supplier, will be reducing its gas prices for dual-fuel customers by an average of 5% from 1st August 2012. The move reflects a reduction in wholesale gas prices and the supplier's recent growth in gas customers.

Separately, the Company is also pleased to announce that it has achieved the milestone of having approximately 40,000 independent green power generators across the UK as Feed in Tariff (FIT) administration customers.

Juliet Davenport, CEO and founder, Good Energy, says: "It has never been more affordable to go green with Good Energy.  Many of our renewable electricity customers want a dual fuel tariff so we are keen to be able to offer them the most competitive gas price we can."

Whilst trading conditions on the gas wholesale market continue to vary on a regular basis, a recent improvement in the Company's short to medium term gas trading position means that it is now able to reduce its retail prices.

Based on an average domestic property, Good Energy's main dual fuel tariff now costs around the same as the 'Big Six' Standard dual fuel tariffs.

For further information visit www.goodenergygroup.co.uk or contact:

Good Energy Group PLC                                                                 012 4976 6795
Juliet Davenport, Chief Executive Officer

 N+1 Brewin - Nominated Adviser & Broker                          020 3201 3710
Andrew Craig, Ben Wright

 Kreab Gavin Anderson  - Financial PR Advisors                   020 7074 1800
Ken Cronin, Kate Hill, Andrew Jones

NOTES TO EDITORS

·     For low users, the average Good Energy dual fuel  bill is now cheaper than the market average  Usage as defined in Office of Gas and Electricity Markets 'Revision of typical domestic consumption values' consultation decision document including dual fuel and prompt pay discounts; excluding direct debit, online and paperless discounts

·     Based on an average domestic property, Good Energy's main dual fuel bill is now about the same as the UK average from the 'Big Six' Standard dual fuel tariffs (including dual fuel and prompt pay discounts; excluding direct debit, online and paperless discounts)

·     For the average Good Energy dual fuel customer, based on an average consumption of 13,600kWh gas and 3468kWh electricity, the tariff change will result in an annual bill decrease of £35 per year

·     The average Good Energy dual fuel customer will see a 5% decrease in their gas bill, depending on usage

·     Good Energy is the UK's leading 100% renewable electricity supplier. To compare the fuel mix of other suppliers please visit: www.electricityinfo.org/suppliers.php

·     Good Energy has 30,000 domestic and commercial customers, 6,700 domestic gas customers and supports a growing community of 40,000 independent green power generators across the UK

·     Good Energy came top in the Which? customer satisfaction survey for energy suppliers in 2010 and 2012

·     Good Energy has won numerous awards including: including, Sunday Times Green Company 2009; Observer Ethical Award for best online retail initiative 2009; and CEO Juliet Davenport won the Business Green Leader of the Year 2012, PEA Business Award CEO of the Year 2012, the First Women Award (Retail and Consumer) in 2011, PLUS markets CEO of the Year in 2009 and 2010

 

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