Last checked at 25 Oct 2021 07:01
Good Energy Group PLC
("Good Energy" or "the Company")
Good Energy partners with Barrow Green Gas for shipping services
The Board of Good Energy (AIM: GOOD), the 100% renewable electricity supplier and innovative energy services provider, announces it has partnered with Barrow Green Gas ("Barrow") for shipping services.
The agreement ensures continuity for Good Energy's gas customers and builds on the renewable supplier's longstanding relationship with Barrow.
Barrow has been contracted by Good Energy for gas shipping services, ensuring continuity of supply for the renewable energy company's gas customers following the market exit of CNG. The partnership will build on the two companies' existing relationship and will help Good Energy transition to becoming its own gas shipper.
Good Energy, which holds no gas trading purchases with the exiting CNG, has had a longstanding relationship with Barrow for the supply of biomethane. Good Energy supplies 10% green gas (biomethane) to domestic customers via its relationship with Barrow, a volume it has ambitions to increase following this agreement.
Nigel Pocklington, Chief Executive Officer of Good Energy, said:
"Partnering with Barrow not only ensures there is no disruption to the service we provide our customers, it also builds on a valuable and longstanding partnership we have with the UK's leading green gas business.
"Looking ahead, our extensive experience in trading renewable electricity alongside our existing array of counterparty relationships means we are well placed to become our own gas shipper, and Barrow is an ideal partner for that journey."
Tim Davis, Managing Director of Barrow, said:
"We have long been delighted to help supply Good Energy's climate-conscious customers with green gas. This partnership extension deepens the link between two businesses committed to a greener Britain."
Enquiries
Good Energy Group PLC Nigel Pocklington, Chief Executive Charlie Parry, Head of Investor Relations & CoSec Luke Bigwood, Head of Communications | Email: press@goodenergy.co.uk
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SEC Newgate UK | Email: GoodEnergy@secnewgate.co.uk |
Elisabeth Cowell | Tel: +44 (0)7900 248213 |
Emma Kane | Tel: +44 (0)7876 338339 |
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Investec Bank plc (Nominated Adviser and Joint Broker) |
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Sara Hale / Jeremy Ellis | Tel: +44 (0) 20 7597 5970 |
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Canaccord Genuity Limited (Joint Broker) Henry Fitzgerald - O'Connor |
Tel: +44 (0) 20 7523 4617 |
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 the only energy supplier with Gold Standard Uswitch Green Tariff Accreditation for all tariffs.