Launch of UK's first dedicated heat pump tariff

RNS Number : 2738B

Good Energy Group PLC

06 October 2020

 

Good Energy Group PLC

Launch of UK's first dedicated heat pump tariff

Good Energy Group PLC, the 100% renewable electricity supplier and innovative energy services provider ("Good Energy" or "the Company"), announces it has launched the UK's first dedicated heat pump tariff.

The tariff has been designed to support customers take advantage of the new Green Homes Grant, a government scheme which offers homeowners up to £5,000 to install low-carbon and energy efficient improvements. The £2 billion scheme opened on 30th September and closes on 31st March 2021.

The technology is vital in the journey to net-zero emissions by 2050. Domestic heating alone contributes 15% of the UK's total greenhouse gas emissions with over 85% of Britain's home using gas central heating. Heat pumps allow homeowners to take the fight to climate change by generating their own heat, cutting carbon emissions, and potentially saving money on their energy bills.

Good Energy's new heat pump tariff, called Green Heat, offers low rates and zero standing charge over the winter months. This will help customers pay less to heat their home at a time of year they use their heat pump most intensively. During the summer months customers will pay a unit rate and a standing charge similar to Good Energy's existing standard variable tariff.

Juliet Davenport, CEO and Founder, Good Energy, said:

"We can't fight climate change without weaning ourselves off using gas to heat our homes. Today's launch of Green Heat will support people who want to do something about their climate impact by shifting to clean electricity.

The government's Green Homes Grant is an important first step towards creating the zero-carbon home of the future. Our new tariff will make the scheme go further and faster over the coming months."

Enquiries:

Good Energy Group PLC Juliet Davenport, Chief Executive Charles Parry, Investor Relations Luke Bigwood, Communications	Email: [e-mail] Phone: [phone]
Investec Bank plc (Nominated Adviser) Jeremy Ellis Sara Hale	Tel: [phone]

Notes to editors:

About Good Energy www.goodenergy.co.uk

Good Energy is a generator and supplier of 100% renewable power and an innovator in energy services. It currently owns two wind farms, six solar farms and sources electricity from a community of 1,600 independent UK generators.

Since it was founded 20 years ago, the company has been at the forefront of the charge towards a cleaner, distributed energy system. Its mission is to support UK households and businesses generate, store and share clean power.

Good Energy is recognised as a leader in this market, through our green kite accreditation with the London Stock Exchange and as a top rated Green energy supplier by Which?.

 

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