Irish energy supplier Vayu has signed a significant renewable electricity supply deal with UPC, Ireland’s leading TV, broadband and communications innovator. Under the three-year agreement, Vayu will provide UPC with 100% green electricity to meet the year-round requirements for its 96 metered sites across Ireland.
The deal will provide UPC with direct access to wholesale market prices for electricity, allowing the company to achieve significant savings compared with traditional fixed rate tariffs in the market. As part of a fully managed agreement, Vayu will provide UPC with the procurement tools and advice to purchase energy at the best price available in the market.
Commenting on this new agreement, Owen O’Mahony, Facilities Manager for UPC Ireland said: “Last year we consumed over 10 million kWh in our metered sites. Our partnership with Vayu enables our electricity consumption across our facilities to be generated from 100% renewable sources. This is one of a number of measures taken in 2013 to reduce our carbon output. We’re very focussed as part of our overall corporate responsibility programme to play our role to minimise our impact on the environment.
“When deciding on our energy provider we were looking for an organisation that shared our desire to reduce our energy consumption and carbon output. Vayu has a broad spectrum of energy management expertise which we can tap in to. We view Vayu as being that key strategic partner. A three-year contract affords us continuity allowing us to take a longer term view on our energy reduction programmes and initiatives.”
Ross McConnell, energy specialist at Vayu said: “As our partnership with UPC shows, businesses are moving away from traditional approaches to meeting their electricity needs as they look for greater value from their energy expenditure. This is shaping the electricity market, particularly for the large and medium sized businesses where it is very much a case of one size does not fit all.”
“Access to competitively priced renewable electricity has become a very important issue for businesses looking to minimise their carbon footprint and limit the environmental impact of their activities,” says Mr McConnell. “Environmental considerations are playing a greater role in determining how businesses procure electricity in Ireland. This is a trend we see continuing into 2014 and beyond.”
In 2012, Vayu became the first energy supply company in Ireland to achieve a 100% renewable energy rating for all electricity supplied to its customers according to the latest Fuel Mix and CO2 Emissions report by the Commission for Energy Regulation, the industry regulator. Further details can be found here: http://vayu.ie/products-and-services-gas-and-electricity-business-suppliers/electricity/100-renewable-energy/
UPC is Ireland’s leading TV, broadband and communications innovator. Its fibre power network reaches over 745,000 Irish homes, following from UPC’s investments of over half a billion euro in its network. It is the market leader in triple play services bringing digital TV, superfast broadband and phone services combined to over 175,000 homes who already avail of the service.
Vayu is a leading independent supplier of electricity and natural gas; offering the widest range of tailored procurement solutions to industrial and commercial customers in Ireland, the UK and the Netherlands. The company has been in operation since 2003 and since its beginnings as a business natural gas supplier has steadily grown and now supplies 22% of Ireland’s largest natural gas business users. Vayu’s customer now includes companies such as Tesco, Bulmers, FMC, eircom, Britvic Ireland and Aer Lingus among its growing client base.
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Eoin Quinn Tel: 01 6760168
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