Good Energy targets growth via BT deal

Partnership will offer discounts to BT staff, pensioners and customers

Independent energy supplier Good Energy has struck a deal with BT which will see it offer discounted tariffs to the telecoms company’s staff, pensioners and customers in the process moving home.

Discounts to be offered under the agreement could be as high as £130, according to Good Energy. The company also claimed that individuals who take advantage of the promotion will enjoy a dual fuel tariff which is £68 cheaper on average than the standard variable dual fuel deals of the big six.

Good Energy chief executive Juliet Davenport said she was “delighted” to work with BT to promote the company’s tariff, which guarantees customers buy 100 per cent renewable energy.

“This partnership will help us reach tens of thousands of potential new customers, offering them the chance to cut their carbon footprints, take advantage of our award-winning customer service and potentially save on their energy bills at the same time,” said Davenport.

She added: ‘BT is recognised as a global business leader in sustainability so it makes perfect sense for Good Energy, as the UK’s first 100 per cent renewable electricity company, to be working with them to support their low-carbon ambition.”

Niall Dunne, chief sustainability officer at BT Group explained that the new partnership will build on existing BT commitments to use renewable energy in its own operations. The group aims to use 100 per cent renewable energy globally by 2020. 

“Partnering with Good Energy allows us to give our customers the opportunity to be responsible too,” said Dunne. “Good Energy is a fantastic British company that champions local renewable energy and with the discount on offer, together we are able to make switching to renewable energy even more appealing.”

Good Energy owns and operates two onshore wind farms and eight solar farms and buys power from more than 1,400 independent renewable generators across the UK. In 2015-16, the company’s electricity fuel mix was made up of 53 per cent onshore wind, 24 per cent solar, 19 per cent biogeneration and 4 per cent hydro.

Last month, Good Energy launched its second corporate bond in a bid to raise £10 million.

The bonds can be bought in multiples of £250 and the company is looking to raise £10 million, with an over-subscription maximum of £20 million.