Good Energy Group PLC · Chippenham, Wiltshire United Kingdom ·(Other Non-US: GEGP)
Company Description
Phone: +44-1249-766-090
Fax: +44-1249-766-091
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This link will open in a new window Good Energy Group (formerly Monkton Group) is convinced that renewable energy is good energy. To "keep the world a habitable place," the company seeks to address the problems of scarce energy resources and climate change by providing renewable energy in the deregulated UK power market. Good Energy plans to develop wind power, small-scale hydro, and solar power facilities. The company's main project is in Delabole, a 4-MW wind farm. Its renewable energy business has been in operation since 1997. Good Energy supplies retail electricity services to more than 22,000 residential and business customers. To read the full description, subscribe now.
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Key Good Energy Group PLC Financials
| Company Type | Public - Other Non-US: GEGP Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $17.7 |
| Employees | 15 |
Good Energy Group PLC Executives
5 executives listed for Good Energy Group PLC's Chippenham, Wiltshire location.
| Title | Name & Bio | Contact |
| Chairman | John Sellers | Network |
| Chief Executive | Juliet Davenport | Network |
| Finance Director | Jon Fairchild | Network |
Competition
Competitive Landscape for Good Energy Group PLC
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top Good Energy Group PLC Competitors
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