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Gloucestershire Business News

Green energy giants go into battle

Britain's two biggest green energy suppliers are at loggerheads, after Ecotricity founder, Dale Vince, launched a campaign to get a place on the board of a rival supplier.

With 25.3% of its shares, Dale Vince, is the biggest shareholder of Wiltshire-based Good Energy Group. And he believes both he and Ecotricity executive, Simon Crowfoot, should have a place on the firm's board.

But Good Energy Group doesn't support the move. In a statement, it said: "The Good Energy Board still believes that the appointment of any nominee remunerated by Ecotricity would be a conflict of interest and that they could not act independently on behalf, and in the best interests, of our shareholders as a whole."

Good Energy Group will be writing to its shareholders to encourage them to vote against the proposal. But if the proposal gets support from more than 50% of the shareholders, Dale Vince will get a place on the board of his competitor.

Ecotricity and Green Energy Group are the leading energy companies for people who want greener energy and both generate energy from 100% renewable sources. Ecotricity has around 1750,000 customers, about twice as many as its rival.

Stroud-based Ecotricity is a major Gloucestershire employer, employing around 800 people.

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