Good Energy Group PLC Launch of UK's first dedicated heat pump tariff

TIDMGOOD

Good Energy Group PLC

06 October 2020

Good Energy Group PLC

Launch of UK's first dedicated heat pump tariff

Good Energy Group PLC, the 100% renewable electricity supplier and innovative energy services provider ("Good Energy" or "the Company"), announces it has launched the UK's first dedicated heat pump tariff.

The tariff has been designed to support customers take advantage of the new Green Homes Grant, a government scheme which offers homeowners up to GBP5,000 to install low-carbon and energy efficient improvements. The GBP2 billion scheme opened on 30th September and closes on 31st March 2021.

The technology is vital in the journey to net-zero emissions by 2050. Domestic heating alone contributes 15% of the UK's total greenhouse gas emissions with over 85% of Britain's home using gas central heating. Heat pumps allow homeowners to take the fight to climate change by generating their own heat, cutting carbon emissions, and potentially saving money on their energy bills.

Good Energy's new heat pump tariff, called Green Heat, offers low rates and zero standing charge over the winter months. This will help customers pay less to heat their home at a time of year they use their heat pump most intensively. During the summer months customers will pay a unit rate and a standing charge similar to Good Energy's existing standard variable tariff.

Juliet Davenport, CEO and Founder, Good Energy, said:

"We can't fight climate change without weaning ourselves off using gas to heat our homes. Today's launch of Green Heat will support people who want to do something about their climate impact by shifting to clean electricity.

The government's Green Homes Grant is an important first step towards creating the zero-carbon home of the future. Our new tariff will make the scheme go further and faster over the coming months."

Enquiries:

 
 Good Energy Group PLC                Email: [e-mail] 
  Juliet Davenport, Chief Executive    Phone: [phone] 
  Charles Parry, Investor Relations 
  Luke Bigwood, Communications 
 Investec Bank plc (Nominated         Tel: [phone] 
  Adviser) 
  Jeremy Ellis 
  Sara Hale 
 

Notes to editors:

About Good Energy www.goodenergy.co.uk

Good Energy is a generator and supplier of 100% renewable power and an innovator in energy services. It currently owns two wind farms, six solar farms and sources electricity from a community of 1,600 independent UK generators.

Since it was founded 20 years ago, the company has been at the forefront of the charge towards a cleaner, distributed energy system. Its mission is to support UK households and businesses generate, store and share clean power.

Good Energy is recognised as a leader in this market, through our green kite accreditation with the London Stock Exchange and as a top rated Green energy supplier by Which?.

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October 06, 2020 09:38 ET (13:38 GMT)