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Good Energy Plc (LON: GOOD) provides fairly-priced, 100% renewable electricity to customers around the UK. The company also provides services to help homes and businesses generate, store and share their own power. Finally, Good Energy is making it easier to own, drive, power and pay for an electric vehicle.


  • Nigel Pocklington (CEO)
  • Rupert Sanderson. Chief Financial Officer.
  • William Whitehorn. Chairman.
  • Timothy (Tim) Jones. Non-Executive Director (Independent)
  • Emma Tinker. Non-Executive Director (Independent)
  • Nemone Wynn-Evans. Non-Executive Director (Independent)


P&L31 Dec 2023
31 Dec 2022
Cost of sales(210,458)(218,768)
Gross Profit44,245
Profit before tax5,6839,208
Final dividend2.25p2.00p
Balance Sheet31 Dec 2023
31 Dec 2022
Cash 41,34724,487
Total liabilities(69,920)(77,356)
Total equity & liabilities111,925116,342

Major Shareholders

  • Ecotricity Group Ltd. – 26.02%
  • Martin John Edwards – 7.81%
  • Hargreaves Lansdown Asset Management Ltd. – 6.25%
  • Juliet Davenport – 2.72%
  • Rathbones – 2.27%
  • West Yorkshire Pension Fund – 2.15%
  • Castlefield Investment Partners LLP – 1.77%

Media coverage

Energy Live News: Good Energy reports 47.9% increase in gross profit

“Good Energy has reported a significant increase in gross profit for the twelve months ending 31st December 2023. The company’s gross profit surged by 47.9% to £44.2 million from £29.9 million in the previous year, with a gross margin of 17.4% compared to 12.0% in 2022. This growth was primarily driven by a strong performance in the first half of 2023 and cost advantages from power purchase agreements.”

Macro Indicators

Geographical (26 March 2024): “How well is the UK doing in reaching green energy targets?”

Offshore wind is a success story: in the year to April 2023, renewable electricity generation capacity grew by six per cent, with offshore wind growing by nine per cent and solar by eight per cent, the highest rate of quarter-on-quarter growth since 2017.

On 15 May 2023, the UK produced its trillionth kilowatt hour (kWh) of electricity generated from renewable sources – enough to power UK homes for 12 years based on average consumption. While it took 50 years to reach this milestone, based on current projections, it will take just over five years to reach the next trillionth kWh.

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