Good Energy to cut gas price by 7.2%

RNS Number : 9796O

Good Energy Group PLC

12 February 2016

 

12 February 2016

Good Energy Group PLC

("Good Energy")

Pricing statement

Good Energy to cut gas price by 7.2%

Good Energy, the AIM listed renewable electricity supplier and generator announces it is to cut its gas prices for its customers with effect from 01 April 2016.

·     Gas prices to be lowered by 7.2% from 01 April 2016

·     Average duel fuel users to save approx £42 off their annual bill

·     Price cut to benefit new and existing domestic customers

Good Energy is to lower its gas prices for by 7.2% from 01 April 2016. For the average dual fuel user, this equates to a saving of around £42 off their annual bill compared to the £32 average saving the 'Big Six' are offering through their gas price reductions.

The reduction applies to standard variable tariff customers and not to customers on a fixed tariff.

Juliet Davenport, OBE, Founder and CEO of Good Energy, commented:

"Today's announcement further strengthens our competitive pricing, 100% renewable electricity and award-winning customer service proposition to new and existing customers."

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For further information, please contact:

Good Energy Group PLC Juliet Davenport, Chief Executive Denise Cockrem, Chief Financial Officer Tel. [phone] Arden Partners plc (Nominated Adviser and Broker) Steve Douglas, Patrick Caulfield Tel: [phone] Camarco (Financial PR Adviser) Geoffrey Pelham-Lane, Georgia Mann Tel: [phone] Good Energy Press Office Gill Dickinson Tel: [phone]

Notes to editors

-  Good Energy is a fast-growing 100% renewable electricity supply and generation company, offering value for money and award-winning customer service.

- An AIM-listed PLC, and founder member of the Social Stock Exchange, its mission is to support change in the energy market, address climate change and boost energy security.

- The company has consistently performed well in the annual Which? energy company customer satisfaction survey, winning first or second place in each of the last four years.

- It now has more than 55,000 renewable electricity customers and 28,000 gas customers. It works with a community of 93,500 small and medium scale renewable electricity generators (All figures as at 30 June 2015).

- Good Energy is the owner of Delabole Wind Farm, the UK's first commercial wind farm, and owns and operates Hampole Wind Farm, near Doncaster. The company also owns and operates seven solar farms.

 

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