Jan 21 2009

Good Energy is pleased to be the first energy retailer this year to announce that it will be reducing its standard electricity and gas tariffs by 7.5% from 31st January 2009.

Juliet Davenport, CEO of Good Energy said: “Good Energy is committed to ensuring that its customers receive the best value possible for their renewable power supply.  Good Energy is due to start paying less for its renewable power in 2009 and we want our customers to benefit from this.”

For an average Good Energy customer, this will amount to a saving of between £50 and £100 per year.

Although the price of renewable energy is still affected by oil and gas price instability in the UK, Good Energy is working hard to minimise the cost for its customers.  Increasing its direct relationships with over 500 independent renewable energy generators, as well as repowering its own wind farm in Delabole, Cornwall should help reduce the impact of future instability in the market.

As well as helping to provide economic benefits for customers, these initiatives are a crucial part of Good Energy’s mission to tackle climate change by providing people with low carbon products and services, and supporting the growth of independent renewable generation in the UK.

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Notes to editors:

•    Please note that savings will vary based on consumption patterns.

•    The results are calculated based on an average annual consumption of 17,000kWh for gas and 3,600kWh for electricity.

•    Over 25,000 homes and businesses across the UK take their supply from Good Energy. The electricity supplied by Good Energy comes from over 500 independent renewable generators that use wind, small scale hydro, solar power and sustainable biomass to generate electricity.

•    In an official report entitled “Reality or Rhetoric? Green Tariffs for Domestic Customers” from the National Consumer Council, Good Energy was rated the greenest energy supplier in the UK. The report states: “For those consumers who want a green electricity supply, pure and simple, this is probably the closest they will get to it.”

•    Good Energy annually exceeds its obligations in regards to ROC retirement; and maintains a unique position in the supplier industry by continuing to buy only renewable electricity - a major point of differentiation versus other players in the market. To compare the fuel mixes of the various different electricity suppliers, visit: www.electricityinfo.org/suppliers.php

•    Good Energy is owned by the Good Energy Group, an independent PLC which specialises in investing in renewable energy. Good Energy Group has in the region of 1700 shareholders, of which over 90% are customers of Good Energy.

•    Good Energy is currently trialing gas, which supports its Renewable Heat Incentive.  This rewards customers who use renewable heat sources.

•    The Good Energy Shop provides products and advice for low carbon living and microgeneration.  Visit www.goodenergyshop.co.uk for more information.

•    Join Good Energy today and reduce your carbon footprint by up to one third. Call 0845 456 1640 or sign up online at www.goodenergy.co.uk

Media Enquiries

David Hopkins
Carbon International
david.hopkins@carboninternational.com
+44 (0)20 7483 7202

Samantha Hill
Carbon International
samantha.hill@carboninternational.com
+44 (0) 20 7483 7205