Belfast Telegraph

Heat's on as Vayu Energy arrives in the province

By John Mulgrew

Northern Ireland's energy market is set to get even more competitive as another player expands here.

Vayu Energy - which focuses on gas and electricity supply to businesses - is creating 20 new jobs over the next three years as it expands into Northern Ireland.

The addition of Vayu - backed by global mining giant Glencore - brings Northern Ireland's electricity suppliers to seven.

The firm says it's targeting the business market here, supplying electricity and gas to "large scale energy users across the industrial and commercial sector".

Vayu supplies 20% of the Republic's largest natural gas business customers.

In 2007, Vayu launched its electricity supply business. Since then, its market share in the Republic has risen each year.

Vayu's electricity supply is 100% green. The company's big energy clients include Tesco, C&C Group, Debenhams and Aer Lingus.

Barry Murphy, business development manager at Vayu Energy, said the company believes "there remains a large untapped opportunity to deliver new services to the energy market in Northern Ireland".

"Vayu will be investing heavily in winning customers by changing the way businesses view their energy-related decisions and empowering customers to become more active in the area of energy procurement and demand management," he added.

"We have established a business model that has worked exceptionally well, creating flexibility for gas and electricity users that wasn't there previously."

Vayu joins six other electricity suppliers in Northern Ireland - Power NI, SSE Airtricity, Budget Energy, Click Energy, Electric Ireland and Open.

Peter Girvan, energy specialist at Vayu Energy, said: "We see a clear opportunity for businesses in Northern Ireland to gain access to much more competitive prices on the wholesale markets."

Belfast Telegraph