Amid the energy crisis Good Energy is ‘90% hedged’: Good Energy, a renewable energy supplier, is 90 percent hedged for the next 12 months to help minimise the firm’s exposure to increasing energy prices and market volatility.
“The business, like the sector at large given recent supplier exits, remains subject to a higher level of market risk.” the company said.
This year, 12 firms have exited the UK market, bringing change and inconvenience for over two million consumers.
Two weeks ago, the Wiltshire-based energy provider declared that it will not accept clients from failed businesses.
As a consequence of the ever-changing current market conditions, Good Energy, which has about 250,000 clients, has hiked prices for both household and commercial divisions.
“Despite the recent volatility in wholesale energy prices, we remain positive on the long-term opportunity in our chosen markets. Recent electric vehicle sales data proves the acceleration of adoption and reinforces the scale of opportunity for Good Energy in this market.” said Chief Executive Officer of Good Energy, Nigel Pocklington.
“The challenges within the UK energy sector have been well documented, but with 20 years’ experience, we remain differentiated through strong governance, a prudent approach to risk management and a genuinely differentiated green product.
“Now that Ecotricity’s cash offer has lapsed, I am pleased to be re-starting the dividend for our loyal shareholders.”
Amid the energy crisis Good Energy is ‘90% hedged’: