Electric Ireland
{{Short description|Utility company in Ireland}}
{{Infobox company
| name = Electric Ireland
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| native_name = Leictreachas Éireann
| native_name_lang = ga
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| former_name = ESB Customer Supply, ESB Independent Energy
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| industry = Electric power, natural gas
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| hq_location = ESB Head Office, Two Gateway, East Wall Road
| hq_location_city = Dublin
| hq_location_country = Republic of Ireland
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| parent = ESB Group
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| website = {{URL|electricireland.ie}}
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Electric Ireland ({{Langx|ga|Leictreachas Éireann}}){{cite web|url=https://assets.gov.ie/40507/184ad3f46eac411d90112ed4e8c79a55.pdf|title=OPW Annual Report 2016|website=Assets.gov.ie|access-date=July 8, 2022}}{{cite web|url=https://www.dublinairport.com/docs/default-source/sustainability-reports/daa-sustainability-update-2014-(irish).pdf|title=daa Nuashonrú Inbhuanaitheachta|website=Dublinairport.com|access-date=July 8, 2022}} is an Irish utility company that supplies electricity and gas to business and residential customers in Ireland. It is the supply division of the Electricity Supply Board, the former monopoly electricity company in Ireland. The company now operates in an open market competing for the supply of retail electricity to residential customers. Electric Ireland sells a variety of smart technology, including Electric Vehicle Home Chargers, solar PV panels, battery storage, which are also sold by Electric Ireland's online shop. Other major suppliers include Airtricity and, more recently, Bord Gáis Energy.
The business was known previously as ESB Customer Supply and ESB Independent Energy before 4 April 2011.{{cite web |url=https://www.esb.ie/esbcustomersupply/residential/supporting_the_community/news_and_events.jsp |title=News & events | Electric Ireland |access-date=2012-03-06 |url-status=dead |archiveurl=https://web.archive.org/web/20120319194914/https://www.esb.ie/esbcustomersupply/residential/supporting_the_community/news_and_events.jsp |archive-date=2012-03-19 }} The brand was a transitional one; in January 2012, all references to ESB were dropped and it is simply known as Electric Ireland.{{cite web|url=http://www.esbie.ie/about-esb-independent-energy.html |title=Independent ESB, ESBIE, Energy Advice :: www.ESBIE.ie |access-date=2011-04-08 |url-status=dead |archiveurl=https://web.archive.org/web/20110615121656/http://www.esbie.ie/about-esb-independent-energy.html |archive-date=2011-06-15 }}
Regulation and pricing
As a part of the regulatory system, the company as the former monopoly must sell its electricity at a premium of 10% above market price in order to encourage new entrants to the market place. The company has been unable to compete with these new entrants. It has been announced that ESB Customer Supply must re-brand the entire supply operation and lose 40 per cent of its customers before it will be allowed to decide its own prices. Currently it is regulated by the Commission for Energy Regulation.{{cite web |url=http://www.cer.ie/en/electricity-retail-market-current-consultations.aspx?article=7fc14b65-cc96-4a5a-8142-7509f3cff6a5&mode=author |title=Current Consultations |access-date=2012-03-06 |url-status=dead |archiveurl=https://web.archive.org/web/20120305041045/http://www.cer.ie/en/electricity-retail-market-current-consultations.aspx?article=7fc14b65-cc96-4a5a-8142-7509f3cff6a5&mode=author |archive-date=2012-03-05 }}{{Cite journal|url=https://www.rte.ie/news/2010/0421/130092-esb/|title=CER maps out electricity price restrictions|date=April 21, 2010|website=Rte.ie}}{{Cite web|url=https://www.irishexaminer.com/news/arid-30454773.html|title=Energy prices will not decrease dramaticaly, says Regulator|date=April 21, 2010|website=Irish Examiner}}[https://www.irishtimes.com/newspaper/breaking/2010/0421/breaking23.htm] {{Dead link|date=February 2022}}
Low carbon economy
In April 2010, the company's renewable energy investment fund, ESB Novusmodus, joined the Climate Change Capital Private Equity Fund to pledge €5 million to support Cork-based company Nualight.[http://www.insideireland.ie/index.cfm/section/news/ext/nualightclimatechangeequity001/category/896] {{dead link|date=September 2017 |bot=InternetArchiveBot |fix-attempted=yes }} Nualight are considered as part of the low-carbon economy due to their long lasting LEDs which are used in supermarkets in Ireland, the UK, Germany and Switzerland.
Partnerships and acquisitions
In May 2010, ESB announced a partnership with GT energy, to create Ireland's first geothermal electricity project.{{Cite web|url=http://www.insideireland.ie/index.cfm/section/news/ext/geothermal001/category/896|title=GT Energy and ESB announce geothermal projects|website=Insideireland.ie|access-date=8 July 2022}}{{Dead link|date=March 2024 |bot=InternetArchiveBot |fix-attempted=yes }}
In June 2010, ESB announced the acquisition of a wind farm project in South Wales which currently generates 34.5 MW.{{Cite web|url=http://www.insideireland.ie/index.cfm/section/news/ext/esbwindfarm001/category/896|title=ESB buys Welsh wind farm project|website=Insideireland.ie|access-date=8 July 2022}}{{Dead link|date=March 2024 |bot=InternetArchiveBot |fix-attempted=yes }}
Sponsorship
Electric Ireland has a number of sponsorship programmes including Darkness Into Light,{{Cite web|url=https://www.electricireland.ie/darkness-into-light|title=Darkness into Light 2019 | Electric Ireland|website=Electricireland.ie|access-date=8 July 2022}} with Pieta House,{{Cite web|url=https://www.pieta.ie/|title=Pieta | Preventing Suicide and Self Harm|website=Piet.iea|access-date=8 July 2022}} The GAA Minor Championships and The GAA Higher Education Championships.{{Cite web|url=https://www.electricireland.ie/higher-education-championships|title=HEC - Higher Education Championships 2022 | Electric Ireland|website=Electricireland.ie|access-date=8 July 2022}}
References
{{Reflist}}
External links
- [https://www.electricireland.ie/ Electric Ireland]
{{DEFAULTSORT:Esb Customer Supply}}
Category:Electric power companies of the Republic of Ireland