Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGood Enrg Share News (GOOD)

Share Price Information for Good Enrg (GOOD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 254.00
Bid: 248.00
Ask: 260.00
Change: 3.00 (1.20%)
Spread: 12.00 (4.839%)
Open: 251.00
High: 254.00
Low: 248.00
Prev. Close: 251.00
GOOD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

New Data Shows UK Energy Customers Face "Customer Service Lottery"

Mon, 28th Sep 2015 13:29

LONDON (Alliance News) - Citizens Advice has said the UK is facing a "customer service lottery" when it comes to choosing an energy supplier after new data showed a drastic variation in the customer service being provided by the main energy suppliers in the UK, including independent providers.

The data shows that both the Big Six energy suppliers and smaller independent firms have mixed results when it comes to complaints at a time when the UK energy industry is under increased scrutiny about how customers are treated.

SSE PLC has the lowest level of customer complaints in the UK industry, which is twenty times lower than the amount of complaints received by competitor ScottishPower, which had the highest level of complaints in the second quarter, according to new data from Citizens Advice.

Citizens Advice said the results proved customers face a "customer service lottery".

The quarterly-complied data from Citizens Advice was the first time complaints data of the 18 largest energy suppliers operating in the UK market.

SSE came top of the table after only receiving 47 complaints per 100,000 customers, almost twenty times fewer than the 944 complaints per 100,000 customers of ScottishPower, which came bottom of the complaints table.

British Gas, owned by Centrica PLC, came fourth on the table with 83 complaints per 100,000 customers.

EDF energy was in second with 64 complaints per 100,000 customers, E.ON was in fifth place with 89 complaints per 100,000 customers whilst nPower was near the bottom in 15th place with 577 complaints per 100,000 customers.

The rest of the complaints table was made up of the UK's smaller independent suppliers, which have been gaining ground from the Big Six energy suppliers as consumers increase switching activity to source the best deals.

Last week, data from independent energy market consultancy firm Cornwall Energy showed independent suppliers in the UK now hold a collective market share of 13.4% and acquired more new energy accounts in the three months ended July 31 than they held in total four years ago, which it said represented the independent suppliers "breaking the stranglehold" of the Big Six.

London-listed Good Energy PLC came sixth in the table with 91 complaints per 100,000 customers.

The best performing independent supplier was Ecotricity, which came in third place with 70 complaints per 100,000 customers. Of all the independent suppliers, only Good Energy, Ecotricity and Green Star Energy managed to stay under the 100 complaint mark, according to the data.

Previous research from Citizens Advice has found that two-thirds of customer complaints are about billing issues.

"Consumers need the whole picture on energy suppliers, so they can choose who to buy their energy from on the basis of what?s most important to them whether that?s price or service. Complaints are a significant part of this, and people will rightly question why some energy firms have nearly 20 times as many complaints as others," said Citizens Advice Chief Executive Gillian Guy.

"We welcome the improvements some firms have made on complaints, but the worst performers still have a very long way to go. We urge the CMA to use its ongoing review into the energy market to make sure all energy customers are getting the service they deserve," she added.

The UK energy market is currently being investigated by the Competition and Markets Authority after UK energy regulator Ofgem, in June 2014, referred the electricity and gas supply market to the CMA over concerns about features of the market which were preventing, restricting or distorting competition.

The findings of the CMA's report were due to be published before the end of 2015, but last week the investigation was pushed back by between four-to-six months so that the CMA could consider the many detailed responses received from suppliers, consumer groups, government and regulators to the provisional findings and range of potential remedies published in July, it said.

The CMA now intends to publish its provisional decision on remedies in January 2016 with a view to reaching its final decision by the end of April 2016.

SSE shares were down 0.4% to 1,445.64 pence per share on Monday afternoon whilst Centrica shares were down 1.1% to 221.30p. Good Energy shares were up 1.1% to 228.0p.

By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance

Copyright 2015 Alliance News Limited. All Rights Reserved.

More News
12 Aug 2021 21:11

IN BRIEF: Good Energy reiterates rejection of Ecotricity offer

IN BRIEF: Good Energy reiterates rejection of Ecotricity offer

Read more
12 Aug 2021 09:56

Good Energy rebuffs Ecotricity after offer terms published

(Sharecast News) - Good Energy reiterated its rejection of a £59.5m takeover offer by Ecotricity after the bidder published terms of the proposed deal in the latest round in the battle of the green energy providers.

Read more
28 Jul 2021 19:39

TRADING UPDATES: Blackbird starts US trading; Tufton buys and sells

TRADING UPDATES: Blackbird starts US trading; Tufton buys and sells

Read more
22 Jul 2021 21:38

Good Energy says Ecotricity bid "significantly" undervalues company

Good Energy says Ecotricity bid "significantly" undervalues company

Read more
22 Jul 2021 16:01

Good Energy board rejects firm Ecotricity takeover offer

(Sharecast News) - Ecotricity Group made good on its announcement of a possible officer for Good Energy Group on Thursday, confirming the terms of a cash offer for the AIM-traded renewable energy company.

Read more
16 Jul 2021 14:28

TRADING UPDATES: Luceco tops guidance; Jadestone seals Malaysia buy

TRADING UPDATES: Luceco tops guidance; Jadestone seals Malaysia buy

Read more
15 Jul 2021 10:18

CORRECT (Jul 14): Good Energy says Ecotricity bid "opportunistic"

CORRECT (Jul 14): Good Energy says Ecotricity bid "opportunistic"

Read more
14 Jul 2021 18:44

IN BRIEF: Good Energy rejects fourth Ecotricity cash takeover offer

IN BRIEF: Good Energy rejects fourth Ecotricity cash takeover offer

Read more
14 Jul 2021 12:23

Good Energy board expands on rejection of Ecotricity offer

(Sharecast News) - Renewable electricity supplier Good Energy released further information on Wednesday on its unequivocal rejection of a possible offer by Ecotricity Group, which was announced on 12 July.

Read more
12 Jul 2021 09:22

Ecotricity makes several indicative offers for Good Energy

(Sharecast News) - Ecotricity announced on Monday that it had submitted three offers to acquire the rest of Good Energy, at up to 340p per share, which were rejected.

Read more
23 Jun 2021 16:09

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
22 Jun 2021 18:02

TRADING UPDATES: LPA Group wins contract; Good Energy trades in line

TRADING UPDATES: LPA Group wins contract; Good Energy trades in line

Read more
22 Jun 2021 13:12

Good Energy performing in line with expectations

(Sharecast News) - Renewable electricity supplier and energy services company Good Energy Group said on Tuesday that performance in the year-to-date had been in line with its expectations, showing a "marked improvement" over 2020, which was adversely affected by several Covid-19 factors, including the first national lockdown.

Read more
11 Jun 2021 19:50

TRADING UPDATES: Zephyr eyes US investors; Good Energy's Zap-Map boost

TRADING UPDATES: Zephyr eyes US investors; Good Energy's Zap-Map boost

Read more
25 May 2021 19:40

TRADING UPDATES: Bank of Cyprus outlook hinges on tourism industry

TRADING UPDATES: Bank of Cyprus outlook hinges on tourism industry

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.