Good Energy customer base grows 36 per cent

Good Energy’s trading update for the six months ending 30 June 2014 saw an 82 per cent increase in the number of gas customers, and a 35 per cent increase in electricity customers, compared to the same time last year.

The total number of customers has increased from 97,000 to 132,000, the company said.

“Our strong customer growth so far this year demonstrates that our offer of competitive pricing, 100% renewable electricity and award-winning customer service is compelling to an increasing number of consumers and businesses,” said good Energy chief executive Juliet Davenport in a statement.

The company said its growing business customer base is an important element of its overall growth and future focus as a supplier.

“We have recently renewed our supply contract with the retailer SuperGroup and are due to commence a new contract with the Eden Project this autumn. We would expect business gains of this nature to become an increasing part of our customer portfolio,” the company said.

The Company said it expects its full year performance to be in line with expectations but that this is dependent on the level of profit achieved through the sale of its 50 MW West Raynham solar farm.

The total sale value is expected to be between £3.4 million and £6.8 million with the net profit on the sale likely to be between £1.4 million and £3.8 million, the company said.