The amount of electricity Good Energy supplied to business customers surged in the first half of this year after investments in the company’s operations began to pay off.
The clean energy utility released its H1 2016 results earlier this week, revealing a 40% year-on-year increase in half-yearly revenues to £45.6 million. Gross profit for the period stood at £15.3 million, more than a third of which (£6.4 million) originated from its electricity supply division.
Good will be particularly buoyed by a 38% increase in the amount of electricity it supplied to its business customers, reaching 61.5GWh for the first six months of the year. Good attributed this to growing numbers of businesses wishing to decarbonise according to CSR strategies.
The company has moved to target business customers as a key element of its new strategy, which it has invested heavily in since putting it into place earlier this year.
While improvements have predominantly been made to the company’s software suite to improve customer service and retention, the strategy has also seen the launch of Piclo – an energy trading platform which connects businesses with renewable generators. An initial trial of the system was successful earlier this year, and both Good Energy and Open Utility are preparing for a wider roll-out before the year’s end.
Good Energy expects to make further improvements to its Customer Information System later this year.