History of Good Energy
20 years ago, people in the UK had little choice about where their energy came from. 98% of UK energy was generated from fossil fuels – and with the growing threat of climate change, we desperately needed alternative and more sustainable options.
Good Energy was set up to give people the choice to do something about climate change by choosing renewable energy for their homes and businesses – and we’ve been doing just that ever since. Take a look at how we’ve grown over the years:
1999 – Juliet Davenport founds Good Energy as part of Good Energy Group PLC
Good Energy was an entirely new kind of UK energy company – a small, green sustainable supplier in an industry of coal, oil and gas giants supplying households and businesses. We want to give people a better choice: 100% renewable electricity from a company committed to growing the UK renewables industry and we’ve stayed true to that ever since.
2002 – Juliet Davenport becomes CEO of the Good Energy Group, and it makes its first share offering
More than 600 of our 5,000 customers purchase shares, allowing Good Energy Group to buy Delabole wind farm in Cornwall – the UK’s first commercial wind farm. In 2004 and 2007 Good Energy’s second and third share offering successfully raises new funds to help grow the business.
2004 – We launch HomeGen – the first scheme of its kind in the UK
To encourage more people to generate renewable energy, we launch the Good Energy HomeGen scheme to pay independent generators for all the energy they produce, even if they use it themselves. HomeGen wins a host of awards – and national recognition as an innovator. Homegen formed the blueprint for the Government’s Feed-in Tariff scheme, which launched in 2010.
2008 – We pioneer renewable heat incentives
After half our customers told us they want us to supply them with gas, and support renewable heat projects, this led to the development of our Gas tariff and award-winning HotROCs scheme. This becomes the UK’s first Renewable Heat Incentive.
2009 – Our £11.8million redevelopment of Delabole begins
The original 10 wind turbines at Delabole are replaced with four more powerful ones with a total combined capacity of 9.2MW, enough to supply around 7,000 homes with electricity – more than doubling its previous output. This was completed in 2010.
2012 – Making our mark on the London Stock Exchange
Good Energy is accepted onto the LSE’s AIM market – the world’s most successful growth market. Over the year, the company raises £4million in equity, to support the growth of the business.
2013 – Leading the way with the first local energy tariff
Good Energy launches an exclusive tariff for communities around Delabole wind farm – a big step in our mission to give people more choice over where they get their energy. The tariff gives households living close to Delabole a 20% discount and a ‘wind farm windfall’ bonus every year.
2013 – Solar bond issue
As a growing company, it was time to look for new ways to overcome financial barriers. The company launches its bond scheme, raising £14million, 85% of which came from its customers. This allowed Good Energy to push forward with plans to develop more solar generation sites – and shows how strongly its customers believe in its goals.
2013 – Raising a glass to new customers
Good Energy reaches a landmark 100,000 customers including our electricity, gas and home generation customers.
2014 – A warm welcome to Hampole
Good Energy’s second wind farm, this time in Doncaster, comes online. It offers the surrounding communities a special local tariff, just as it did in Cornwall.
2014 – Investing in tidal technology
Good Energy announces plans to invest for the first time in a tidal energy project, the Tidal Lagoon in Swansea Bay, Wales. It is set to purchase 10% of the tidal lagoon’s output to further diversify its sources of renewable electricity.
2014 – Going solar
The company’s first two solar farms – Woolbridge in Dorset and Creathorne in Cornwall – come online, supported by our solar bond. They add more variety to Good Energy’s renewable electricity sources, and boost generation capacity by 6.7MW.
2015 – Time to shine
Four more solar farms add an extra 23MW of electricity – almost doubling the amount of renewable electricity generated from Good Energy-owned resources.
2015 – Supporting local communities
Good Energy becomes the first energy supplier in the UK to take and make payments in a local currency – the Bristol Pound. Another step forward in creating a local energy market.
2015 – Award wins
Good Energy named Company of the Year at the BusinessGreen Leaders Awards, Leaders of the Year at the British Renewable Energy Awards and Social Impact Company of the Year for the second year running at the Small Cap Awards. A good year for awards!
2015 – Good Energy shares available through the Social Stock Exchange
As a founding member of the Social Stock Exchange, Good Energy was proud to announce that its entire issued share capital would commence trading on the Social Impact segment of the ISDX Growth Market.
2016 – Consistent customer service recognition
Good Energy is awarded with another impressive score in the Which? energy company customer satisfaction survey, becoming the only energy company to achieve a score of more than 81% for 5 years in a row. This follows the company also topping three consecutive Martin Lewis MoneySavingExpert polls for customer service.