Good Energy profits dip after higher winter temperatures push down usage

March 17, 2015
By

Warm weather last year pushed down profits by 33% to £2.2m at Good Energy, the Chippenham-based renewal energy supplier, as customers delayed switching on their heating.

But the firm, which now operates two solar farms, continued to recruit new customers – with 34% growth during the year.

Revenues for the 12 months to December 31 climbed by 43% to £40.4m.

Chief executive Juliet Davenport OBE said the company had delivered strong customer growth during the year.

It had also continued to invest in customer service excellence and “in our growing generation portfolio, and have secured the funding required for the next phase of our growth strategy”.

She added: “Although 2014 proved to be the warmest year on record, with a resulting reduction in customer energy usage in line with the wider market, we nonetheless saw healthy customer growth with overall numbers up 34%. As such, we are confident that we are well positioned to respond and adapt to further changes in the market place and to continue to deliver growth.”

 

Comments are closed.

ADVERTISE HERE

Reach tens of thousands of senior business people across Swindon & Wiltshire for just £70 a month. Email info@swindon-business.net for more information.