Opening up the Wholesale Gas and Electricity Market to Thousands of Irish Businesses

Opening up the Wholesale Gas and Electricity Market to Thousands of Irish Businesses

Horizon Energy Group launches wholesale gas and electricity products for small and mid-sized business users in Ireland

Opening up the Wholesale Gas and Electricity Market to Thousands of Irish Businesses

Dublin, Ireland 16 January 2015 – Business energy consultant, Horizon Energy Group, today launched a new gas and electricity product allowing small and mid-sized energy users* to take advantage of cheaper prices available in the wholesale gas markets. A first of its kind for the Irish market, the Horizon Energy Basket opens the wholesale gas and electricity market up to thousands of businesses throughout the country, allowing them to purchase gas and electricity on more equal terms to much larger businesses, and giving them the group buying power of Horizon’s combined customer portfolio.

The product gives users transparent and straightforward access to day-ahead prices based on the System Margin Price (SMP) index, which has been on average 20% cheaper than the fixed market this year. At any time during the contract, businesses will have the added security of being able to ‘lock in’ the balance of their remaining contract or winter consumption at prevailing live prices.

Sandra Quinn, Corporate Services Director at Horizon Energy Group, says: “Our focus has been on creating a flexibility for energy users that has not traditionally been available in Ireland. This new product is one example of how we plan to achieve this, removing a significant barrier faced by small and mid-sized gas and electricity users in the Ireland which, like all businesses, are coming under increasing pressure to reduce costs.”

“With SMP prices trading significantly lower than the fixed market in 2014, there’s a clear opportunity for businesses to gain access to much more competitive prices. Larger energy users have achieved great results by taking advantage of this product to achieve the best possible price in the market, so our aim is to now provide access to wholesale markets for all users”.
Ms Quinn notes that there is enormous untapped opportunity to deliver new services into the Irish energy market, targeting small and mid-sized users as well as industrial and commercial customers. She says: “As today’s announcement shows, we are investing heavily in winning customers by changing the way Irish businesses view their energy-related decisions and empowering customers to take a more hands on approach to energy procurement”.
*This product is typically suited to businesses with an annual electricity consumption in excess of 200,000kwh and gas consumption of 1,000,000kwh.

About Horizon Energy Group:

Horizon Energy are the Energy Procurement Experts. Established in 2007, they are the market leading energy consultancy servicing 15,000 sites. With 4,000 SME customers and 500 corporate clients, they manage the procurement of nearly €500 million in energy spend. Procurement solutions range from a single site fixed procurement tender to a multi-site fully flexible supply contract negotiation and management.
For enquiries please contact :-
Michael Lyons | Area Manager

00 353 (0) 87 636 7777 (Mobile)
00 353 (0) 1 68 55 777 (Dublin) | 00 353 (0) 21 2355 777 (Cork)
 1890 911 777 (Locall Ireland) | 00 44 2895 757872 (Northern Ireland/U.K.)
Dublin: The Greenhouse, Hibernian Business Park, Greenhills Road, Tallaght, Dublin 24
Cork: 4400 Airport Business Park, Cork
web www.horizonenergygroup.eu| michael.lyons@horizonenergygroup.eu

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