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Birmingham Post
Birmingham Post
Business
Hannah Baker

Good Energy announces acquisition weeks after agreeing with Ofgem to refund customers

Wiltshire-based energy supplier Good Energy has announced a major acquisition deal just weeks after agreeing with Ofgem it would pay out hundreds of thousands of pounds in refunds to customers who were overcharged on their tariffs.

Chippenham-headquartered Good Energy has acquired heat pump installation and services business Igloo Works for an initial £1.75m less than a month after confirming it would refund £453,000 - as well as making a goodwill payment of £200,000 - to Feed-In Tariff (FIT) customers who had been charged an unauthorised £25 administration fee on a quarterly basis.

According to the energy watchdog, 500 of Good Energy's more than 182,000 FIT customers per quarter were affected, with 1,167 having had the charge applied at least once.

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