LONDON (ShareCast) - (ShareCast News) - Energy supplier Good Energy said it still expected to meet the lower end of market expectations after more challenging trading due to "exceptional volatility" in the short-term power trading market from late October to late November.
The company, which supplies and generates 100% renewable electricity, carbon neutral gas and feed in tariff administration services to over 239,000 UK homes and businesses, said trading conditions had become more favourable in December and it assumed this would continue until the end of the month.



Directors also revealed they had agreed to sell the company's Oaklands operational 5MW solar farm to Eneco for £5.78m as well as an option to purchase power from the site.

As part of the sale, which is expected to complete in early January, Good Energy will retain asset management services for the site.

Funds from this sale will be used to support the construction of further solar sites before the 31 March 2017 renewable obligation certificate subsidy deadline.

"Good Energy developed, constructed and has been operating the Oaklands site since January 2016, showcasing the capabilities of our generation team," said chief executive Juliet Davenport.

"The sale to Eneco gives us optionality over the power from Oaklands and continues our strategy of selling sites and reinvesting to develop renewable assets, helping the UK to become more energy self-sufficient."

Shares in Good Energy were down 5% to 260.2p just before 0900 GMT on Wednesday.

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