History Good Energy Group PLC started life as the UK-arm of a pan European organisation, whose business was to develop the demand and supply of renewable energy across Europe, and to encourage individuals to invest and buy renewable energy. Today, this ethos remains central to the company’s strategic approach. Good Energy Group continues to develop the demand and supply of renewable electricity within the UK. In addition, the Group always offers the customers of Good Energy the opportunity to invest in the group of companies that supplies them with renewable electricity. The business that is the basis of the Good Energy Group today was set up in the UK in 1997 to start to change the energy mix in Europe. Post-war energy systems had been gradually centralised so that governments had more and more control of energy systems, distancing consumers from the real cost of their energy use, both environmentally and economically. This differed radically from the pre-war “localised” distribution networks where the local community was much closer to both the source and the economics of their power. In 1997, the UK government pioneered a shift in the way energy markets worked in Europe and the liberalisation of the energy markets was implemented through various European Directives. Out of this came the opportunity to set up a completely new type of electricity company, that for the first time in many years was allowed to sell renewable power to both homes and businesses, and bring choice back to the consumer. This saw the start of the Good Energy Group business, which went through various forms and brand names, until the structure of the Group today.
| Key Dates | | | | | | 1997 | Monkton Group business established in the UK | | 1999 | Monkton Group's subsidiary, Good Energy, receives its electricity licence and begins to supply 100% renewable electricity to homes and businesses in England and Wales | | 2000 | Monkton Group incorporated as a Company | | 2002 | Monkton Group's first share offering to Good Energy Customers and purchase of windfarm | | 2004 | Monkton Group's second share offering to Good Energy Customers | | 2006 | Good Energy significant expansion through bringing all outsourced services inhouse and consolidating the business | | 2007 - July | Monkton Group annouces re-branding as Good Energy Group |
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