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.
Good Energy profitable half year as services business expands in normalising market Good Energy Group PLC (AIM: GOOD), the renewable …
Good Energy, the 100% renewable electricity supplier and energy services provider, has today released its interim results for the 6 …
Good Energy Group PLC (AIM: GOOD), the 100% renewable electricity supplier and energy services provider has launched a new electricity …
Good Energy Group PLC (AIM: GOOD), is pleased to announce that Good Energy Solar customers will now be able to …
Good Energy Group PLC (AIM: GOOD), the 100% renewable electricity supplier and energy services provider is pleased to announce that …
Good Energy Group PLC (AIM: GOOD), the 100% renewable electricity supplier and energy services provider, has confirmed that its Standard …
| P&L | 31 Dec 2023 £~000 | 31 Dec 2022 £~000 |
|---|---|---|
| Revenue | 254,703 | 248,608 |
| Cost of sales | (210,458) | (218,768) |
| Gross Profit | 44,245 | 29,914 |
| Profit before tax | 5,683 | 9,208 |
| Final dividend | 2.25p | 2.00p |
| Balance Sheet | 31 Dec 2023 £~000 | 31 Dec 2022 £~000 |
|---|---|---|
| Cash | 41,347 | 24,487 |
| Total liabilities | (69,920) | (77,356) |
| Total equity & liabilities | 111,925 | 116,342 |
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.”
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.
