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Good Energy Group PLC on Wednesday said it launched a new smart export tariff for households with solar panels, as part of its strategy to expand its decentralised energy services offering. Good Energy is a Wiltshire, England-based supplier of 100% renewable power and an innovator in energy services. It has long term power purchase agreements with a community of 1,700 independent UK generators. It said the ’Power for Good’ tariff will pay customers 10 pence per kilowatt hour, which it claimed is a ‘leading’ rate for a variable export tariff, helping the typical solar-powered home generate around £150 per year for the energy they share with Good Energy. Good Energy has previously identified a key target segment of over 250,000 households considering a solar installation by 2026. In 2022, UK installations doubled to over 130,000, with high energy prices driving increased interest in households generating their own power, according to Good Energy. ‘It is a rapidly growing market in which the company, as a trusted green pioneer with over 20 years as a renewable electricity supplier and a legacy that includes being the first UK company to pay households for the solar energy they generate, is well positioned to become a market leader,’ Good Energy said in a statement. It cited its role in the future potential of the solar energy industry following its smart export for feed-in tariff customers, for which it was the ‘largest voluntary administrator’ and second-largest overall, with over 180,000 customers and processing over £224 million in payments over 2021/2022. ‘Following a year of record energy prices, we expect the growing interest in solar to continue at a significant rate as the [UK] Government, together with businesses and consumers, focus on building long-term renewable energy solutions,’ said Chief Executive Officer Nigel Pocklington. ‘We will continue to drive interest and expand our customer base with competitive leading export tariffs, financing and bundling to make cutting carbon cost-effective and accessible for all.’ Shares in Good Energy were down 1.3% to 185.00 pence each in London on Wednesday morning. Copyright 2023 Alliance News Ltd. All Rights Reserved.
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