Good Energy commences trading on AIM

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One of Britain's biggest green energy suppliers, Good Energy Group has begun trading on the AIM (Alternative Investment Market).

Previously listed on the Plus Market, the Chippenham-based firm made its intentions to switch markets public last month (July).

The company began trading on the AIM at 8am on Monday (July 30).

Speaking about Good Energy's decision to join the AIM, chief executive, Juliet Davenport, commented: "This is a natural next step for Good Energy. AIM provides better liquidity for our existing shareholders and allows us to reach institutional shareholders for the first time.

"We look forward to continuing to grow both our customer base and our own generation capacity as renewables become an increasingly important of the UK's energy mix," she added.

Good Energy has also revealed that around £8 million would be added to its balance sheet after the sale of £2.7 million worth of its Renewable Obligation Certificate inventory and the completion of its placing on the AIM, according to Insider Media Limited.

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