Green Energy (UK) plc

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GEUK
TypeUtility company
IndustrySustainable energy
Founded2001
HeadquartersWare, Hertfordshire
Key people
Doug Stewart, CEO
ProductsSparkling EKO Energy and TIDE
Websitewww.greenenergyuk.com

Green Energy (UK) Ltd, also known as GEUK®, is an independent sustainable energy company which sells 100% Ofgem-certified green and renewable electricity and gas, to homes, businesses and organisations in England, Wales and Scotland. GEUK is the only energy supplier in the UK to offer 100% green gas. Based in Ware, Hertfordshire, GEUK was established in 2001 by chief executive officer Douglas Stewart.[1]

GEUK is not to be confused with Green Network Energy, a separate utility company that ceased trading in January 2021,[2] or Green Supplier Limited, which ceased trading in September 2021.

About[]

GEUK were the first energy supplier to provide only 100% green gas to domestic and business customers. To this day they are still the only supplier who provide 100% green gas to domestic customers.

They were the first and only private company in the UK to give free shares to its customers.[3] Whilst this scheme has now ended, some customers remain shareholders, and can make suggestions at any time to improve the business and help it grow, and they can attend its AGM and put questions to the board.

Green Energy UK's customer base has grown through customer recommendation, sponsorship and social-marketing activities.

Fuel mix[]

GEUK was the first UK energy supplier to offer a choice of green-only tariffs including 100% green gas. All their tariffs are made up of 100% green sources – solar, wind, hydro and biomass and biomethane (green gas).

The EKO Energy Tariff offered by GEUK is independently certified by EKOenergy a global, nonprofit ecolabel for renewable energy. The ecolabel proves that the consumed energy fulfills extra sustainability and quality criteria, set by a network of environmental NGOs. Using the ecolabel also helps consumers make a concrete and additional impact through our Climate Fund and Environmental Fund.

GEUK launched the UK's first time-of-use tariff, TIDE in January 2017. Tide puts the customer in charge, lets them take control and decide when they use energy and what that means to the bill. It encourages customers to vary usage and consume electricity in periods of lower demand when the price was cheaper using an electricity smart meter.[4]

Generators[]

Only a few of GEUK's 650 generators were making electricity before GEUK was set up. The company's generators are all approved by Ofgem and have a large range of sources including energy from waste, biomass, photovoltaic-solar, small-scale hydro, wind, CHP and anaerobic digestion.

The company only buys green-sourced electricity and gas from within the UK and has no brown energy or nuclear in its business. GEUK facilitates investment into renewable technologies by creating demand for this green energy.

Awards[]

GEUK were awarded the Which? Eco Provider badge, 2021 [5]

GEUK was ranked No.1 'Best Buy' by Ethical Consumer Magazine, 2021[6]

GEUK was crowned 'Winner of Winners' in the Cisco Customer Kings competition, 2010.[7]

References[]

  1. ^ Stewart, Doug Sunday Times "How I Made it", Green Energy UK http://business.timesonline.co.uk/tol/business/entrepreneur/article6168861.ece
  2. ^ "Green Network Energy and Simplicity Energy go bust". 28 January 2021. Retrieved 2021-09-29.
  3. ^ Daily Telegraph "Green Energy Firm Gives Free Shares to Reward Customers" https://www.telegraph.co.uk/finance/yourbusiness/7608066/Green-energy-firm-gives-free-shares-to-reward-customers.html
  4. ^ Ward, Andrew (2 January 2017). "Households offered first time-of-use energy tariff". Financial Times.
  5. ^ "Which? reveals new Eco Providers for energy". Which? News. 2021-10-21. Retrieved 2022-01-12.
  6. ^ "Ethical Consumer, Issue 189, March/April 2021". www.ethicalconsumer.org. Retrieved 2021-04-16.
  7. ^ "Cisco/Real Business magazine "Customer Kings Winner of Winners" Green Energy UK" (PDF). Archived from the original (PDF) on 2011-07-11. Retrieved 2010-05-05.

External links[]

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