Wiltshire-based renewable energy supplier Good Energy is 90% hedged for the next 12 months to help limit the firm’s exposure to soaring energy prices and volatility of the market.

However, the company said: “The business, like the sector at large given recent supplier exits, remains subject to a higher level of market risk.”

Nigel Pocklington, chief executive officer of Good Energy, said: “Despite the recent volatility in wholesale energy prices, we remain positive on the long-term opportunity in our chosen markets. Recent electric vehicle sales data proves the acceleration of adoption and reinforces the scale of opportunity for Good Energy in this market.”

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