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Good Energy Group PLC on Tuesday said that it has launched a new smart export product for its feed-in tariff customers, which means they could earn more from the electricity they generate.
Good Energy is a Wiltshire, England-based supplier of 100% renewable power and an innovator in energy services. It has long term power purchase agreements with a community of 1,700 independent UK generators.
Customers who move to smart export will receive payment for the actual amount of electricity they export, rather than 50% of what they generate, which is the FiT scheme’s standard estimate of the proportion of power customers’ export.
Good Energy said the new service means that customers that export over 50% have the opportunity to earn more.
The company plans to roll the service out to 80,000 customers by the end of 2023. Following this launch, Good Energy plans to introduce a new domestic export tariff for households in the first few months of 2023.
‘Good Energy has long been a pioneer in supporting small scale clean energy generation, and this launch continues that tradition of innovation. As a leading player in helping homes and businesses generate their own clean power, it’s a big moment not only for Good Energy but for a future decarbonised, decentralised and digitalised electricity grid. The switch from deemed to actual metered export for tens of thousands of small generators, and all the data that will provide, is a huge step in making that future a reality,’ said Chief Executive Officer Nigel Pocklington.
Good Energy shares were trading 2.5% lower at 156.00 pence each in London on Tuesday afternoon.
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