Skip to content

The Good Energy Con

December 4, 2017

By Paul Homewood

 

 

Good Energy are one of those annoying, virtue signalling companies that think they have a mission to transform our lives.

 image

https://www.goodenergy.co.uk/our-energy/our-fuel-mix/

 

According to their website:

All of the electricity Good Energy provides comes from over 1,000 different locations across the UK, harnessing local, natural sources like sunshine, wind, rain and biofuels.

In fact this is not true, as their own website later explains:

When you switch to us, we match all the electricity you use over a year with electricity sourced purely from renewables.

 In other words, when the sun does not shine and the wind does not blow, they have to resort to other sources to supply their customers, who I think we can reliably assume do not switch off all of their electrical appliances instead.

The only thing that Good Energy do is to balance their sourcing of renewable energy over the year as a whole, buying in extra at times of surplus to make up for their shortfall at other times.

 

But what they also don’t explain to customers is just what all of this precious renewable energy is actually costing.

They do not give any figures of MWh sales, but based on their declared figures of 71000 customers and electricity revenue of £55m, we are probably looking at about 426 GWh.

Using their mix of solar, wind and bio, the subsidy costs paid via Renewable Obligation Certificates would amount to £23.6m in a full year.

These costs are of course not paid by Good Energy’s customers, but by all electricity users. If all of the cost was actually added to Good Energy bills, they would rise by 43%.

 

Interestingly, their Interim 2017 Report notes:

 

image

http://www.goodenergygroup.co.uk/financial-reports

 

So much for wind and solar now being competitive!

 

They have also done a deal with DONG to buy 12% of the electricity from Westermost Rough:

 

image

 

 

As an offshore site, Westermost Rough receives even larger subsidies, currently working out at £91.16/MWh. This would add about 70% to a typical bill.

 

Not everything in the garden is rosy though. Customer numbers peaked last year, and have fallen this year:

 

 image

They also have a £500,000 investment in the Swansea Bay Tidal Lagoon project (owned by Mark Shorrock, the husband of Good Energy’s Chief Executive):

 

image

 

Given the apparent lack of interest from the government in the lagoon, it is not clear what will happen to the money.

Advertisements
16 Comments
  1. December 4, 2017 7:27 pm

    Dodgy goings on there between Juliet and Mark. But then that is par for the course with renewable energy dealers.

  2. Joe Public permalink
    December 4, 2017 7:38 pm

    ‘Good’ Energy is one of many bribing the Green Party at 50-quid a pop, to continue its propaganda against lower-priced alternatives:

    https://www.goodenergy.co.uk/partner-pages/green-party/

    https://www.greenparty.org.uk/donate/ethical-partnerships/

  3. Young John permalink
    December 4, 2017 8:17 pm

    I suggest you also look at SO ENERGY. Claim that all their energy is from renewables. And that is supposed to please me!

    • Sheri permalink
      December 5, 2017 4:11 am

      I suppose it would please someone, if it wasn’t a lie. Show me a company with no power lines going out to or coming in from the grid—that has no access whatsoever to fossil fuel generated electricity. Then, I might be impressed. Lying does not impress me at all.

  4. December 4, 2017 10:36 pm

    It would be news to the National Grid if Good Energy claim to send specific sources of electricity to individual households. Pull the other one GE.

    • Phoenix44 permalink
      December 5, 2017 8:56 am

      Renewable electrons are green, and the other sort glow red with evil and pestilence. It’s pretty easy for companies to separate them and make sure you get only the nice, friendly, cuddly green ones.

      • Gerry, England permalink
        December 5, 2017 1:53 pm

        Those red ones do seem to work better.

  5. imarcus permalink
    December 4, 2017 10:45 pm

    I have a pamphlet from NPower with “Go Green Energy Fix” offering similar to the Good Energy offer above — matching the actually supplied electricity with the same amount from a renewable source! Similarly absolutely no mention of actual price, except that it will be held until Dec 2019, meaning that ‘you’ the customer will have to pay for their safety margin too!

    The sooner the Govt come clean on the real cost of the subsidies, the better!

  6. L. Douglas permalink
    December 5, 2017 12:48 am

    But, but… they’re Good! Says so, in print.

  7. It doesn't add up... permalink
    December 5, 2017 1:29 am

    What energy you actually get depends heavily on your location. Live in say Bridgwater, and most of your power will come from Hinkley Point, especially after dark.

  8. December 5, 2017 12:31 pm

    Looks mighty like a “shell game.”

  9. Gerry, England permalink
    December 5, 2017 1:52 pm

    They should only be allowed renewable energy and if there isn’t any then tough. Maybe the virtue signallers will then get an idea of how renewable energy ‘works’. Plus let them pay the full cost. When I got a quote from one these outfits it quoted me £400 more than I was paying. I know you will all be stunned but I stayed where I was.

    • Sheri permalink
      December 5, 2017 2:11 pm

      If they say they are USING 100% renewable, then they should not be allowed to tap into the same grid everyone else does. If they say they are PAYING for renewable energy but using whatever you are, that’s fine. There should be a law against saying one is USING renewable energy when they clearly are NOT.

  10. swan101 permalink
    December 5, 2017 4:02 pm

    Reblogged this on UPPER SONACHAN WIND FARM.

  11. December 6, 2017 9:15 am

    Reblogged this on ajmarciniak.

  12. seekerof the truth permalink
    December 6, 2017 11:43 am

    Hmmm. I have decided I want my water company to only supply “green” water – that is only water from the streams that run into the reservoir from the nice sunny side of the hills. I don’t want water that runs in from the nasty, dark, north facing side. What are my chances?

Comments are closed.

%d bloggers like this: