Energia Group

Energia Group's strategy is strongly focused on Irish energy markets. Its businesses are organised in two main groups: Power NI and Energia.{{cite web|url=http://www.viridiangroup.co.uk/default.aspx?CATID=224|title=About us: Business structure|website=viridiangroup.co.uk|publisher=Viridian Group|accessdate=28 May 2010}}{{cite web|url=https://www.viridiangroup.co.uk/AboutUs.aspx|title=The Viridian Group comprises: Power NI & Energia|website=viridiangroup.co.uk|date=8 January 2018}}

Power NI supplies over 600,000 homes and businesses in Northern Ireland with electricity.{{cite web|url=https://powerni.co.uk/powerni/latest-vacancies/|title=Working for Power NI|website=powernie.co.uk|accessdate=12 June 2020}}

Power NI Power Procurement Business manages the group's power purchase agreements.{{cite web|url=https://powerni.co.uk/business/products-services/renewables/power-purchase-agreements-ppas1/|title=Power Purchase Agreements - Get energised with Power NI|website=powerni.co.uk|accessdate=12 June 2020}}{{cite web|url=https://www.energiagroup.com/globalassets/document-library/2018-q4/annual-report-fy-2018.pdf|title=MY COMPANY LIMITED|website=energiagroup.com|date=31 March 2018|accessdate=12 June 2020}}

Power NI was the former customer supply business of Northern Ireland Electricity (NIE), known originally as NIE Supply and then, after its separation from the rest of NIE, as NIE Energy. Both it and the Power Procurement Business "were separated from NIE on 1 November 2007 in accordance with the requirements of the 2003 EU Electricity Directive which required the independence of the distribution system operation function." In 2010, Viridian sold NIE, including the NIE name, to the Electricity Supply Board (the ESB) - the state-owned electricity company in the Republic of Ireland. As a result, NIE Energy was no longer allowed to use the NIE name, and it rebranded as Power NI on 25 July 2011.{{Citation needed|date=June 2020}}

Energia was founded in 1999 and became the first independent supplier in Northern Ireland. Within a year it had entered the Irish business electricity market. By 2003, Energia had established itself as Ireland's leading independent energy business supplying over 30% of large industrial electricity requirements. Energia now supplies over 250,000 homes in the Republic of Ireland.{{cite web|url=https://www.energia.ie/business/news/2009/energia-10-years-to-celebrate|title=Energia 10 Years to Celebrate|website=energia.ie|date=3 December 2009|accessdate=12 June 2020}}{{cite web|url=https://www.energia.ie/why_energia|title=Why Energia? - The Power Behind Your Power|website=energia.ie|accessdate=12 June 2020}}

Energia Flexible Generation generates electricity through Huntstown power station, whilst Energia Renewables generates via wind power across the island of Ireland.{{cite web|url=https://www.energia.ie/business/products-and-services/energia-generation|title=Energia has invested heavily in conventional generation|website=energia.ie|accessdate=12 June 2020}}

Energia Group (formerly Viridian Group) was formed in 1998 as a holding company for Northern Ireland Electricity plc (NIE), the purpose of the reorganisation was to "step up the move into unregulated markets and for expansion overseas."{{cite news|url=https://www.irishtimes.com/business/investors-get-67m-in-nie-changes-1.128234|title=Investors get £67m in NIE changes|publisher=The Irish Times|first=Bill|last=Murdoch|date=19 November 1997|accessdate=12 June 2020}} NIE was a public utility which was privatised in 1993. Formerly a vertically integrated monopoly, NIE's power stations were demerged and sold prior to privatisation.

On 6 October 2006, Viridian's board agreed the acquisition of the group by ElectricInvest, a company owned by the international investment firm Arcapita. The acquisition, which valued Viridian at £1.62 billion, was completed on 8 December 2006.{{Citation needed|date=June 2020}}

On 6 July 2010, Viridian agreed to sell NIE - including NIE Powerteam, but excluding NIE Energy - to the Electricity Supply Board (the ESB) in the Republic of Ireland. The acquisition was completed in December 2010.{{Citation needed|date=June 2020}}

• Energy policy of the United Kingdom
• Energy policy of the European Union
• Energy use and conservation in the United Kingdom
• Green electricity in the United Kingdom
• Electricity sector in Ireland

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{{Electricity generation in Ireland}}

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Category:Electric power companies of Northern Ireland

Category:1998 establishments in Northern Ireland

Category:Energy companies established in 1998