Renewable energy provider Good Energy Group has recorded a 43% increase in revenues in 2013 due to rising consumer demand, the firm said in a year-end statement.
According to the company’s figures, Good Energy’s electricity customer base had grown by a quarter to 40,000 while its gas customer base jumped by 76% to 15,000 last year.
Successful project development, including recent investment in the Hampole windfarm, also contributed to the company’s 42% rise in gross profits to £13.6million compared from £9.6million a year earlier.
“We are out-performing Britain’s energy market, as more than 100,000 households, businesses and renewable energy generators opt for Good Energy’s electricity, gas and feed-in-tariff services,” said Juliet Davenport, Good Energy’s chief executive.
“The company has exceeded market forecasts, improved its margins, expanded generating capacity and maintained its focus on customer service.”
The firm expects further growth this year as it is looking to own more than 110MW of renewable electricity generation in the UK by 2016.
Recommended for you
