Menu
01/11/2001
Energia charges ahead in competitive electricity supply
Energia, the independent electricity supply company in Ireland, has announced that it is to serve the electrical energy needs of 40 per cent of Irish companies eligible to freely choose their power provider in the year ahead.
The announcement follows the auction of available electricity capacity by the Commission for Electricity Regulation (CER) in which Energia purchased its maximum possible allocation of 240 MW in capacity for onward sale to approximately 120 large enterprises throughout Ireland.
Congratulating the Energia Sales and Trading teams, Energia Managing Director Allister McQuoid said the acquisition of such a significant volume of electricity capacity demonstrated the company’s commitment to the competitive market and their intention to play a central role.
He added: "Energia has negotiated competitive contracts with leading Irish companies and is now the largest independent supplier of electricity to the competitive market throughout Ireland. We are firmly committed to the creation of an open and competitive Irish energy market which will deliver long term benefits to customers."
Gary Ryan, Energia's Director of Sales and Marketing for the Republic of Ireland confirmed that interest in Energia's market offering was so great that business had to be turned away in order to comply with current regulations.
Some 400 companies, around 30 per cent of the total electricity market, can now choose their energy provider. In Northern Ireland the competitive market extends to 35 per cent of the market, around 750 customers.
The competitive marketplace is expected to open to 40 per cent of Irish business customers in February 2002 when customers with smaller power requirements will become eligible to participate in the deregulation process, extending the market to about 1,600 customers.
A member of the Viridian Group, Energia is already the market leader in the competitive market in Northern Ireland, supplying 180 MW of electricity to over 330 large businesses in Northern Ireland. (SP)
The announcement follows the auction of available electricity capacity by the Commission for Electricity Regulation (CER) in which Energia purchased its maximum possible allocation of 240 MW in capacity for onward sale to approximately 120 large enterprises throughout Ireland.
Congratulating the Energia Sales and Trading teams, Energia Managing Director Allister McQuoid said the acquisition of such a significant volume of electricity capacity demonstrated the company’s commitment to the competitive market and their intention to play a central role.
He added: "Energia has negotiated competitive contracts with leading Irish companies and is now the largest independent supplier of electricity to the competitive market throughout Ireland. We are firmly committed to the creation of an open and competitive Irish energy market which will deliver long term benefits to customers."
Gary Ryan, Energia's Director of Sales and Marketing for the Republic of Ireland confirmed that interest in Energia's market offering was so great that business had to be turned away in order to comply with current regulations.
Some 400 companies, around 30 per cent of the total electricity market, can now choose their energy provider. In Northern Ireland the competitive market extends to 35 per cent of the market, around 750 customers.
The competitive marketplace is expected to open to 40 per cent of Irish business customers in February 2002 when customers with smaller power requirements will become eligible to participate in the deregulation process, extending the market to about 1,600 customers.
A member of the Viridian Group, Energia is already the market leader in the competitive market in Northern Ireland, supplying 180 MW of electricity to over 330 large businesses in Northern Ireland. (SP)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
08 April 2015
Carryduff Firm Creates 14 New Posts
Carryduff company Client Analysis and Relationship Development Ltd (CARD) is taking on 14 new staff to underpin its ambitious growth plans, with support from Invest NI.
Carryduff Firm Creates 14 New Posts
Carryduff company Client Analysis and Relationship Development Ltd (CARD) is taking on 14 new staff to underpin its ambitious growth plans, with support from Invest NI.
22 February 2019
Belfast St George's Market Hailed Best Large Indoor Market In Britain
The popular St George's Market on May Street, Belfast, has been celebrated as the Best Large Indoor Market in Britain. One of the city's oldest attractions, the market originated in the 1890's and has been selected for numerous local and national titles and awards for its fresh, local produce and great atmosphere.
Belfast St George's Market Hailed Best Large Indoor Market In Britain
The popular St George's Market on May Street, Belfast, has been celebrated as the Best Large Indoor Market in Britain. One of the city's oldest attractions, the market originated in the 1890's and has been selected for numerous local and national titles and awards for its fresh, local produce and great atmosphere.
17 October 2023
Northern Ireland: The impact Of Brexit On FTSE 100 Trading
The United Kingdom's withdrawal from the European Union, commonly known as Brexit, had significant implications for various aspects of the UK economy. One area where these effects are particularly pronounced is the trading relationship between Northern Ireland and the rest of the UK.
Northern Ireland: The impact Of Brexit On FTSE 100 Trading
The United Kingdom's withdrawal from the European Union, commonly known as Brexit, had significant implications for various aspects of the UK economy. One area where these effects are particularly pronounced is the trading relationship between Northern Ireland and the rest of the UK.
04 January 2016
The Oil Market Journal Scoops Prestigious New Contracts
The Oil Market Journal based in Enniskillen, Co Fermanagh, has scooped new contracts to provide its Wallboard to customers in Denmark, Sweden and Finland. The Oil Market Journal publishes a range of daily, weekly and monthly online reports. Content is provided live during the trading day and is delivered via a range of innovative delivery systems.
The Oil Market Journal Scoops Prestigious New Contracts
The Oil Market Journal based in Enniskillen, Co Fermanagh, has scooped new contracts to provide its Wallboard to customers in Denmark, Sweden and Finland. The Oil Market Journal publishes a range of daily, weekly and monthly online reports. Content is provided live during the trading day and is delivered via a range of innovative delivery systems.
31 August 2012
Local Firms Urged To Take Their Business To Europe
Local companies can take their business to Europe and beyond by signing up for the council's latest business development programme. The Exploring Exporting Programme is now open for recruitment to help small businesses and social enterprises enter markets outside of Northern Ireland for the first time.
Local Firms Urged To Take Their Business To Europe
Local companies can take their business to Europe and beyond by signing up for the council's latest business development programme. The Exploring Exporting Programme is now open for recruitment to help small businesses and social enterprises enter markets outside of Northern Ireland for the first time.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
