The Financial Performance Of Green Energy Companies

There is no denying the fact that when we talk about CSR (Corporate Social Responsibility) and other initiatives, being green and practicing the best of environment practices is becoming important. Hence there is growing demand for companies which are in the business of green energy production and distribution.

The government of respective countries, states and provinces also give a number of incentives and benefits to those who are into production of various green energy sources. Whether it is wind energy, solar energy, energy from biomass and various other sources, there are many new initiatives which are already in practice. When one looks at the websites of online trading companies like CMC Markets, it is quite likely that you will find mentions about the growing importance of green energy companies. This is because they have a bright future. Hence we will have a look at a few such companies which have done reasonably well this year.

Good Energy

Good Energy was founded in 1999. It was the brainchild of Juliet Davenport who is the CEO of this company. The company is based in Wiltshire and it is drawing a lot of attention because it is able to supply green energy to more than 60,000 customers throughout the UK. In terms of customer satisfaction it does very well and is rated highly. It claims that by switching to Good Energy you could cut your carbon footprint by a whopping  50%

At the time of writing Good Energy shares have tripled in the first part of 2016 as its customer base has grown at an impressive rate.

OVO Energy

This is a relatively new company which started operations in 2009 and is headquartered in Bristol. According to market experts, it can certainly be considered as one of the fastest growing green energy companies in the world. It has a staggering number of 400,000 customers which is indeed a great achievement. The reason why its financial performance is great is because it claims to procure electricity and gas at rock bottom prices and makes use of the same as and when required by the customers. It is also well known for offering one of the most competitive tariffs in this line of business. It ranks amongst the top ten in terms of offering quality green energy at the most competitive and customer-friendly rates.

Ecotricity

Ecotricity was the first green energy company in Britain and was founded by Dale Vince in 1995. The company is based in Stroud, Gloucestershire and is well known for re-investing its profits into wind turbines and wind power. It also boasts the lowest carbon footprint of all the energy providers in the UK and has a high level of customer satisfaction. This year Ecotricity has increased turnover by 7 per cent and more than doubled profits due to a big growth in customer numbers.

These examples show a promising outlook for the future of green energy suppliers in the UK and it will be interesting to see what 2017 holds in the fight against climate change and the growth of renewable energy after a uncertain few years for the industry.