GOOD ENERGY GROUP ANNUAL RESULTS:

CONTINUING GROWTH WITH IMPROVED PROFITABILITY   

Our Business Highlights:  

• Completion of redevelopment of Delabole wind farm in line with plan
• Introduction of dividend programme
• Strong growth in Feed-in Tariff business, delivering large increase in generator numbers
• Continued growth in gas business
• Further improvement in financial results   
• Maintaining electricity customer base in difficult market conditions

Good Energy Group PLC, the award-winning renewable energy business, today announces a further improvement in its operating and financial results for the year ended 31 December 2010, its 11th year of operation.

Juliet Davenport, Group CEO said: "I’m delighted that Good Energy Group has had another good year. The successful completion of the new Delabole wind farm means it should now supply around 20% of our electricity and gives us better control over pricing, and more wind farm developments will be a key part of our future strategy. Thanks to the new Feed-in Tariff, which really plays to our strengths, our community of independent generators has increased by 70% in a year. The strategic decision to focus on improving our trading systems also stood us in good stead for 2010 which is reflected in the improvement in both our financial results and our competitive position compared with previous years.”

John Sellers, Group Chairman, said: "Good Energy’s mission to demonstrate how the UK can achieve a more secure and sustainable energy future has never seemed more relevant or important than it does today. Over the years we have built up a team which is able to respond quickly and flexibly to the challenges we meet, demonstrated by another good set of results, and the Board remains confident that Good Energy will continue to go from strength to strength.”