Our Customer Is the Center of What We Do: Davenport

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April 7 (Bloomberg) –- Good Energy Group CEO Juliet Davenport discusses her company’s earnings and alternative energy with Anna Edwards and Mark Barton on Bloomberg Television’s “Countdown.” (Source: Bloomberg)


We talk about your sector as an alternative to the big six energy suppliers.

How big can this oh?

We have seen our own growth go up more than double in the last year.

I think we can see this sector -- we are now producing around 30% of the uk's renewable electricity.

We are seeing significant growth.

I think this can continue.

Could britain be powered by 100% renewable energy by 2015? is it possible?

Theoretically it is possible.

We have done research in terms of what power you could get.

We are trying to prove it from a market point of view.

How can you do it, what are the issues, how can you spread that out across -- how are you doing it?

We buy power from four different sources of power.

Wind, solar, biomass and small hydro.

We balance that through the grid.

What we are working on is how we balance that long-term.

Whether battery storage technology is going to play a part.

Our customers generate a lot of the power themselves.

How small do the generators get?

We look after around 60,000 small generators.

Most of those are generating power in their own homes, producing about 50% of their power requirements.

This is a really interesting innovation.

You have your own wind farm, don't you?

You have all sorts of investments across the u.k. how much are you spending on these projects?

We have just switched on a new wind farm.

That project was in the order of 60 million.

We developed 100 megawatts of large-scale solar assets that we will be building out hopefully this year.

Those sites are in the order of 100 million that will be required to build.

We will do that in partnership with others or through funding.

U.k. energy consumers have had to pay a renewables levy in recent years.

That proved to be a little bit controversial.

Many of the bigger energy suppliers blamed it at least in part for driving price rises to customers.

Therefore that had to be rolled back.

Talk us through your thoughts on that.

Were you in favor of the levee?

What was interesting about that, that was directly involved with energy efficiency.

Energy efficiency is really important.

We haven't cracked it.

Whether the energy sector should deliver that or not.

We need to do some more work about how we pay for that going forward.

Our houses need to be more energy-efficient.

The important thing is whether we should put it on the bills or do it through general taxation.

It has come off the energy bills but now it is back in the tax code.

This is something we need to work on.

The quality of our houses and how we develop sustainable lives going forward.

Are the tariffs cheaper than the big six?

They are at the moment.

One of the key things we have been doing, looking at driving improvement in profitability, and margins, but also trying to make sure we become more competitive.

That is by putting the customer at the center of what we do.

Thank you very much, juliett

This text has been automatically generated. It may not be 100% accurate.


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