Good Energy Group, the fast growing renewable electricity supplier and generator, has reported revenues were up 47% to £32.6millionfor the six months to June 30, compared to last year’s £22.2million for the same period.
Profit before tax rose 67% to £0.5m. Electricity customer numbers increased by 20% to around 55,000 and gas customer numbers increased by 40% to 28,000.
Chief executive Juliet Davenport, said: “Customer numbers grow by more than a third in support of continued growth momentum.
“We’re delighted to report good customer growth as more consumers turn to us for renewable electricity. To meet this increasing demand, we continue to invest in our generation capacity and have brought four new solar farms on stream in the first half, delivering 23MW.
“We look forward to making further progress in the remainder of the year and, with a renewed strategy for growth in place, we have every confidence that Good Energy will successfully help tackle climate change and make the UK more energy self-sufficient, for the benefit of consumers and shareholders alike, for years to come.”
As part of its growth strategy Good Energy plans to achieve a fivefold increase in customer numbers (household equivalents) from a total of 176,500 as at June 2015 to approximately 900,000 as at 31 December 2020
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