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New competitive boost in energy market

June 15

Competitive energy provider Energia has become the first independent power supplier to be authorised by the Commission for Energy Regulation (CER) to compete in the unmetered electricity supply market.

Energia will now enter the unmetered electricity market, competing for services like local authority public lighting, increasing competition and lowering the prices paid by local authorities.

The unmetered electricity supply market covers an important number of services such as public lighting. It differs from the conventional energy market by the fact that no meter is used to record the energy units consumed. Companies wishing to compete in this market require authorisation from the CER. Up to now, only the ESB and Bord Gais were licensed to operate in this market.

Energia is the first independent power provider to enter the market. Their entry will allow unmetered electricity users, such as local authorities and states agencies, to avail of Energia’s competitive energy offerings and significant discounts.      

In recent months, Energia has concluded a number of major electricity deals with leading local authorities throughout Ireland, including Waterford City Council, Wexford County Council, Waterford County Council and Cork City Council.

Commenting on the deal, Gary Ryan, Sales and Marketing Director, Energia said: “We’re delighted to get the green light from the regulator to start competing in the unmetered electricity market. Energia is firmly focussed on delivering competitive power offerings whether in the electricity, gas or green power sectors.”

“We will be able to offer local authorities and state agencies significant discounts on the prices they are currently paying for unmetered electricity. This has got to be good news for the local authorities, whose budgets are under considerable pressure as a result of significantly reduced income.” 

A member of the Viridian Group, Energia also sources conventional power from the Group’s power stations in north Dublin, where the company has invested €500 million with the capability to supply up to 17% of electricity requirements on an all-island basis.

Energia has offices in Dublin, Galway, Cork, Belfast and Omagh.

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