Good Energy is partnering with cooperative clean energy ownership company Ripple Energy to offer customers the option to own a portion of wind and solar projects.
The new partnership will further bolster Good Energy’s tariff offering to customers, already directly 100% renewable backed through power purchase agreements (PPAs), with the option to now own a portion of a renewable project, lowering customers’ bills in the process.
All of Good Energy’s customers support renewables through their electricity tariffs, which are 100% backed with power sourced directly from over 2500 renewable generators across the UK.
Through Ripple, they will now be able to buy a portion of one of the cooperative renewable developer’s projects and earn credit directly back to their Good Energy account via the electricity the project has generated.
The approach directly supports the new Labour Government’s strategy of delivering renewable growth as part of its plan to achieve its net zero commitments.
Good Energy is joining Ripple Energy as an anticipated supplier, with a plan to launch as a full supplier in the coming weeks.
Once live, customers will have the ability to buy into Ripple’s new projects such as the planned Whitelaw Brae wind farm set to be the largest ever consumer-owned renewable energy site in Britain.
Good Energy chief executive Nigel Pocklington said: “Good Energy are the specialists in microgeneration – helping hundreds of thousands of customers to generate their own clean power and source it from small-scale renewable generators.
“By working with Ripple we can offer them the chance to own their own portion of a large-scale renewable project and reduce their bills at the same time.”
Founder and chief executive of Ripple Energy Sarah Merrick said: “Cooperative ownership of renewable energy sites is gaining real momentum in the UK, with Ripple demonstrating the tangible benefits that are accessible to everyone, no matter where they live.
“Good Energy backing this movement and becoming our latest supply partner further simplifies the process for consumers, making it even easier for people to get involved.
“Good Energy customers will be able to seamlessly own their own sources of renewable energy without having to switch suppliers.”