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    GOOD   GB0033600353

GOOD ENERGY GROUP PLC

(GOOD)
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Delayed London Stock Exchange  -  04:00:19 2023-02-02 am EST
160.00 GBX   +0.63%
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Good Energy : tariffs accredited with Uswitch Green Tariff Gold Standard for the second year running

07/14/2022 | 10:14am EST

byGood Energy

Posted on14 July 2022

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For the second year in a row, all of our tariffs have received the highest Gold classification by the Uswitch Green Accreditation.

The requirement for Uswitch Gold Standard Green Tariffs is that 100% of renewable electricity is sourced via power purchase agreements, or PPAs. This means that the power is sourced via direct contracts with renewable generators, rather than a mix of fossil fuel, nuclear and renewable purchased on the wholesale market and then 'labelled' green with certificates called REGOs. For gas tariffs, the requirement is 10% from green gas with the remainder carbon offset.

The Uswitch Green Accreditation is the first scheme to categorise tariffs into Bronze, Silver and Gold categories, with the aim of helping consumers better understand green tariffs and the different approaches suppliers are taking on renewable energy.

The categories recognise tariffs based on the level of renewable energy suppliers buy directly, and the amount of investment they are making to support the growth of renewable energy.

Uswitch says of the Gold Standard classification that "These tariffs will also provide a meaningful contribution towards increasing and/or promoting renewable energy, for example investing into future renewable generation, such as wind or solar and market innovations that help promote renewable uptake. Despite the upheaval in the energy market over the past year, consumers still want to do their bit for the environment, so it's great to see that there are ten Gold tariffs being offered."

The accreditation shows that our customers are choosing truly green energy. You can learn more about greenwashing by energy suppliers, as well as what Good Energy does differently, here.

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Good Energy

Disclaimer

Good Energy Group plc published this content on 14 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 July 2022 14:13:03 UTC.


ę Publicnow 2022
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Sales 2022 229 M 282 M 282 M
Net income 2022 2,00 M 2,46 M 2,46 M
Net cash 2022 13,0 M 15,9 M 15,9 M
P/E ratio 2022 12,1x
Yield 2022 1,67%
Capitalization 26,4 M 32,5 M 32,5 M
EV / Sales 2022 0,06x
EV / Sales 2023 0,05x
Nbr of Employees 277
Free-Float 40,8%
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Mean consensus BUY
Number of Analysts 2
Last Close Price 159,00 GBX
Average target price 447,50 GBX
Spread / Average Target 181%
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Nigel Pocklington Chief Executive Officer & Director
Rupert Sanderson Chief Financial Officer & Executive Director
William Elliot Whitehorn Chairman
Tom Stayt Technology Director
Franšoise Woodward Chief Operating Officer
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