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Energia 10 Years to Celebrate

December 03

The company currently supplies more than 50,000 business customers, representing over 25% of the business electricity market, and over 20% of the business gas market.

Established in 1999 as the start-up competitive retail business arm of Belfast-based Viridian Group, Energia became the first independent supplier in Northern Ireland. Within a year it had entered the Irish business electricity market. By 2003 Energia had established itself as Ireland’s leading independent energy business supplying over 30% of large industrial electricity requirements.

Since entering the energy market south of the border, Energia’s parent company Viridian Group has invested a total of over €550 million in new energy generation infrastructure in Ireland, building two major independent gas-fired power plants in north Dublin, investing in major renewable energy facilities throughout the Island and becoming the biggest privately owned player in the Irish gas market. The group currently employs over 190 staff and generates annual revenues of over €1.2 billion.

Energia’s recently appointed chief operating officer Tom Gillen says energy costs represent one of the most volatile costs consumers have to contend with.

“Energy pricing and security of supply is a key element of national competitiveness.  Energia has championed the development of a competitive energy market. We have been first to market with many of the new energy products needed to help the market flourish and we have consistently brought lower energy prices to Irish businesses.

“The past 10 years have been mutually beneficial for Energia and businesses in Northern Ireland and Republic of Ireland. We have provided business customers with real choice, and delivered real value with over €170m in combined savings.

“Energia has continued to expand into new markets and to introduce innovative energy products for business. In 2008 we entered the retail gas market and in May 2009 we became the first independent supplier to enter the unmetered public lighting supply sector.”

“Ireland’s national power infrastructure has also benefited with the addition of two new highly efficient CCGT (combined cycle gas turbine) power plants with a combined output of 750 Megawatts representing between 15-20% of the national electricity requirement,” says Mr Gillen.

These investments culminated in 2007 with the start of the all-island energy market in which Energia and the Viridian Group played an instrumental and leading development role.

Energia is also one of the most significant contributors to the achievement of Ireland’s renewable energy targets.

“We have consistently been one of the largest investors in the renewable sector. Following initial wind farm involvement in 2003 in the north-east, Energia committed to contracts of over €650 million in 2006 to support the development of over 165 MW of wind farms throughout Ireland. Energia now has over 220MW of operational windfarms, and has plans for a further 400MW over the next three years.

“Based on these continuing achievements we are proud to make the claim that Energia is the island of Ireland’s leading competitive energy provider,” Mr Gillen says.

Energia 10 Years - key dates

1999

Energia established in Belfast- first independent power supplier in the Northern Ireland market

2000

Energia enters Republic of Ireland electricity market. First customer is Roadstone Belgard

2001

Energia wins 40% share of the 400 large companies allowed choose electricity supplier

2002

Ireland’s first new and independent power generation facility, built by Viridian, comes on grid in North County Dublin. Energia offers this power to the market

2003

  • Energia increases to 250 the number of large businesses it supplies in Ireland 
  • Energia enters green electricity market as new 20-turbine wind farm opens near Derry

2004

  • A further 12,000 businesses in Ireland become eligible to choose electricity supplier,  56% of the total retail market is now open to competition
  • Energia sales exceed €300 million for the first time
  • Viridian announces it will build a second power plant in north Dublin

2005

  • Energia wins contract to power the DART system in Dublin 
  • Company becomes first independent supplier to the public sector 
  • Energia wins Queen’s Award for Enterprise

2006

Energia signs long-term contracts with 15 wind farms to supply 165 MW of power from green and renewable resources

2007

  • All-island Single Electricity Market takes effect 
  • Second new power station opens in Huntstown, Dublin. Energia can now provide up to 17% of the national electricity requirement

2008

Energia’s renewable energy supply capacity exceeds 250 MW, with a further 300 MW of wind farm projects currently in development across Ireland

2009

  • Energia supplies 25% of the business electricity market on an all-island basis with over 45,000 customers. Company’s turnover reaches €1bn 
  • Energia enters the Irish gas market and becomes a dual fuel energy supplier 
  • Energia becomes the first independent power supplier to be authorised by the Commission for Energy Regulation (CER) to compete in the unmetered electricity supply market 
  • October -  Energia surpasses 50,000 customers.

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