Rain

Rain

max temp: 16°C

min temp: 13°C

ESTD 1874 Search

Ipswich: Energy supplier powers ahead as sales soar by 59%

17:23 19 February 2014

Haven Power

Haven Power's Ipswich headquarters

Paul Nixon Photography 07904296577

A business electricity supplier is celebrating after its sales volumes soared by 59% last year.

shares

Haven Power, based at Ipswich, enjoyed another year of impressive growth under Drax, a power company with a large coal and biomass operation in Yorkshire which bought it from Welsh Power in 2009.

Haven operations director Natalie Keogh, said the firm was retaining its existing customer base and ensuring it keeps customer-focused as it grows.

“With Drax’s continued support, 2013 was a year of substantial growth once again. Our sales increased by 59% in volume compared to 2012, and in such a competitive market, this demonstrates the strength of our offering,” she said.

“In addition, the renewable energy we can offer our customers is becoming more and more popular, with 50% of the electricity supplied in 2013 on levy-exempt power. Drax Group is committed to delivering renewable power, generated from biomass, at competitive prices to a growing number of customers. We know there are a number of businesses who share our vision, not just about the environment but also our commitment to enabling customers to meet obligations and help the UK become a more sustainable economy.”

Drax Group, which published its results on Tuesday, saw its revenues driven down by the cost of carbon, but said its underlying earnings of £142million in 2013 compared to £193m in 2012 – a 26% fall - were ahead of expectations.

Chief executive Dorothy Thompson said: “In 2016 we expect half of Drax to be fuelled by sustainable biomass, some 4% of the UK’s electricity. In delivering this transformation, we will provide cost-effective, reliable renewable power to consumers, secure jobs at Drax and across the UK supply chain and deliver attractive returns for our investors.”

shares

0 comments

The Ann Letitia Russell lifeboat back home in Fleetwood with marina assistants Daryl Randles, Simon Price and Will Taylor.

In her heyday she saved more than 150 souls. Now port 
owner ABP has joined a community effort to save former lifeboat The Ann Letitia Russell.

Servest Group CEO Rob Legge.

Some of the region’s top professionals were involved in a recent sale deal involving two Bury St Edmunds-based firms, it has emerged.

Sizewell B pop-up farmers' market.

Farmers and producers were at Sizewell B nuclear power station at Leiston last week as it hosted a pop-up farmers’ market.

Ashley Gogan, Bedford Lodge

A four-star hotel in Newmarket has appointed a new face to head up its conference and events service.

Sheepen Place office development scheme at night - artist's impression

Proposals have been submitted for two new office buildings planned for central Colchester.

Greene King chief executive Rooney Anand, left, shaking hands with Mike Tye, chief executive of the Spirit Pub Company, outside Spirit's headquarters in Burton uponTrent following the sale deal.

Jobs are at risk at Greene King following a major acquisition earlier this year.

EDF workers are unhappy over pay.

Hundreds of workers at energy giant EDF are to stage a 24-hour strike in a row over pay.

Amos Smith who is launching a new yoghurt called Mossy's from a secret family recipe.

A popular yogurt made to a secret family recipe has been revived by a young food entrepreneur.

Land next to Burger King is for sale

Tesco, Mothercare and Toys R Us could soon have a new neighbour at Copdock Mill

A city worker looks at a stock ticker screen at the London Stock Exchange in the City of London.

Volatile stock market conditions took their toll again today as the FTSE 100 Index plunged after sharp gains in the previous session.

Most read

Most commented

Topic pages